Risk : Reward is 1.5 and the company is fundamentally good. So jump in !! Long term pick for me.
Rain Industries on a 15 min TF contracting triangle is seen. Which way it will take lets see
RAIN LOOKS STRONG ABOVE 192 STRONG TILL 340 WEAK BELOW 170
The stock is riding the Parallel Channel. It has been repeating the cup breakout pattern and climbing up. While it about to repeat itself again, it is also breaking out of a Flag pattern.
Currently Tracking- #RAIN Note - For educational purpose only. I don't provide paid calls or stock tips. And that's why - - No SL - No Target - Just a picture depicting the story. Use it, if it's Insightful. Ignore otherwise.
Rain Industries - Ready for a good breakout. 25-30% minimum upside possible in short term. All Capital Market Standard Disclaimers Apply Disc - Invested
Beautiful cup and handle pattern is seen. Good stock to long in future.
Rain 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.
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...
stock 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
Please see the chart for the levels.
RAIN INDUSTRIES:- buy on dip 130/140 for target 230/400++ sl 110 dcb #Disclaimer:-I just shared view for only educational purpose.
RAIN INDUSTRIES:- buy on dip 130/140 for target 230/400++ sl 110 dcb #Disclaimer:-I just shared view for only educational purpose.
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.