#RAIN Parabolic PatternRain has formed a parabolic pattern. On breaking the pattern, it will be super bullish. Try buying during the pullback and enjoy the ride.
Only for educational purposes only - trade at your own risk.
Good luck.
RAIN
Rain Industries is getting exhausted. Final move is here!NSE:RAIN shows RSI divergence hence the momentum is slowing down each day.
It is getting exhausted and will be fighting for new highs as much as it can around the Price Reversal Box drawn in the chart Rs190-200. This acts as resistance and might not break it in one go.
Slowing and reversing from those price levels will give a corrective pattern.
Kindly take each idea as education purpose only. No trading advice whatsoever.
philip carbon consolidation trade setupstock after one side upmove
consolidating in range 185 to 210
with current formation
i see 184 area as sl for 230 /250 + targets in short term
Imp Is its above moving averages like 100/200 /20 etc
RAIN INDUSTRIESRAIN INDUSTRIES:- buy on dip 130/140 for target 230/400++ sl 110 dcb
#Disclaimer:-I just shared view for only educational purpose.
RAIN INDUSTRIESRAIN INDUSTRIES:- buy on dip 130/140 for target 230/400++ sl 110 dcb
#Disclaimer:-I just shared view for only educational purpose.
RAIN Industries - INHS Breakout (Weekly Chart)Note: This is for educational purpose only.
There seems to be an Inverse Head & Shoulder pattern bullish breakout with high volume on weekly chart. RSI above 65 indicates bullish momentum.
#RAIN - Long - RK ROCTrendline BO. Handle in formation.
Crossing 107 and sustaining can see 112 / 125 and then 200 as it forms C&H.
RAIN : BO above : 128 on DCBRain industry : BO above : 128 on DCB,
Looks good for more then 20% after that trailing SL as per moving avg of 20.
RAIN / LONGSETUP/ ENTRY 119/ SL 115/ TGT- 128-136-145RAIN INDUSTRIES IS A GOOD LONGSETUP ENTRY CAN BE TAKEN AT 119 WITH A SL OF 115 FOR TARGETS OF 128 T2- 136 T3-145
FOR STUDY AND EDUCATIONAL PURPOSE ONLY
RAIN INDUSTRIESStock has been falling from many months, making lower low.
Still no signs of reversal, however its been trading in fibonacci crucial zone hence keep an eye on price action
.
Further support can be seen at 121 levels.
Volumes are considerably low.
RAIN INDUSTRIES LTD - Currently in Pullback Phase.Rain Industries was struggling near 400 levels from past four(4) months.
and forming Spinning Long Range Candles, signalling supply pressure near those levels. Hence some decline was then seen in the stock, forming long bearish Candles.
Stock might correct more , however there are no much sign of weakness on the charts.
Price action should be observed near 300 and 250 levels, to identify further movement in the stock.
RAIN INDUSTRIES bulls time to maintain cautionRAIN INDUSTRIES bulls time to maintain caution and if possible start booking profit on every raise.
Long Consolidation - Excellent Results. Rain: a great exampleRAIN - A small petrochemical company having trapped in a range bound trading range broadly between 30 - 50 Rs since May 2015 to October 2016. The stock tried number of times hitting and closing above 55 - 60 Rs range but failed every time until October 2016. The stock we first identified in 2014 when it registered a monthly Bullish Engulfing candle on the charts. But I was not convinced as the stock was far below the previous highest close of 51.45 in the month of October 2014.
We also noticed the Morning Star generated on the same monthly charts in the month of April 2016. The candle was quite strong and it was a strong bullish candle of 7.40 Rs means almost 25%. We entered the stock at once at 36 rs in the month of May 2016 and decided to hold it with the stop loss of 28 Rs. It was in consolidation for next 2 - 3 months and then again it gave a jerk of 12 Rs in the month of August 2016. The stock closed at 46.05 at the end of the month.
Next one month was again consolidation in the counter and then the month of breakout came. The counter opened at 46.20 in the month of October 2016 and hit the low of 45.60, just 0.60 Rs and then started the upward journey by breaking the open of the month. The stock rallied to hit the high of 56.50 and closed at 52.40. Again the candle size of more than 10 %. Amazing returns since the entry. The stock first time in its history, closed above 50 Rs level so convincingly. I had a mile on the face.
The month of demonetization was again the month of consolidation, rather say the month brought a little bit of worry as the counter hit the low of 42.00 on the monthly charts but eventually it recovered and at last managed to close above Rs 50 at 50.80. The real story begins. The stock started the northward journey since the month of December and hit "High pe High" month over month. The stock is trading at about 100 Rs level after hitting the intra-month high of 109.20.
We are trading the stock with the trailing stop loss of 85 which is also the open of the current month. We have created a good return in this counter just by following the simple technical parameters. I believe that Technical Analysis just not ask for a great deal of expertise but simple tricks can also works in great manner.
Wish you all happy holy...
Happy trading...Trend is Friend...
