Price Analysis & Overview:
1. Good consolidation.
2. Exceptional volumes surges.
3. Price reacting from the higher levels but also not willing to move down at the same time showing equal buying & selling strength.
Price need to cross 187 level for buyers to get dominated.
4. RRR is favourable.
5. Must be on Radar.
Trade Plan:
Entry = Post 185 level BO
SL =...
Rain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing.
Reasons are listed below :
Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement.
The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in...
Rain Industries has made Broadening Triangle Pattern
Stock has made volatility pattern which is indicating 260-280 levels from the pattern
Lets see how stock goes up from hereon.
Thank You !!
clear breakout of triangle pattern , if crosses the handle . clear tgt of Rs. 500 in few months time, if it crosses 270 levels.
regards
THE STOCK THEORY
RAIN Industry has given Trendline Breakout couple of weeks back, It gave its range breakout of 190 odd levels last week.
Support below160 DCB as all weekly EMA has confluence at those levels.
This is tricky script has multiple instances of failed breakout in past so decide as per your risk appetite...
DISCLOSEURE:- This post is for educational purpose only,
I...
Rain Industries is one stock where retails are more optimistic than the promoter but techinically their are 3 major red flags in price action
1 It has not crossed 61.8% retracement of fall from ATH to bottom 2020
2 The rise from lows of 2020 is not impulsive (god knows how some people are marking impulsive rise from 2020 bottom)
3 It has not crossed 61.8%...
NSE:RAIN
cmp 178
chart posted on 5th Sept 2023 when the price was 174
spent 3 months near this price and now it looks like going up
expecting 270 as 1st target
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is...
Fundamentals:
Positive:
1. Increase in revenue
2. Profit from operating activities are increasing
3. Book value per share is increasing
4. ROCE increasing
5. Debt to equity is 1.1
Negative
1. Recent Qtr performances
2. 41% promoter holding
Technical:
1. Multi-year trendline breakout
2. High momentum
3. High Volume
Therefore buy it before it feels like,
"...
RAIN INDUSTRIES on weekly TF looks promising for a potential BIG breakout.
Weekly candle is very bullish, KEEP A LONG TERM VIEW.
ENTRY AT CURRENT PRICE OR IN THE RANGE OF 150-160
STOP LOSS @140
TARGETS : 190, 200, 250
TRAIL USING A COMBINATION OF 20 AND 50 EMA ON DAILY TF.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge
📌 Symbol/Asset: RAIN
🔍 Description: Stock is forming falling wedge pattern around the Long Term Support.
We can clearly see bottom is in making.
There is a strong support of around 130-135 and we can see huge bounce from hereon.
Rain Industries is a Buy On Dips.
Not to Miss this opportunity....
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Wedge
📌 Symbol/Asset: Rain
🔍 Description:
Moment Stock with Strong Support on hourly and daily chart. Trading above 200 day EMA lows.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
RAIN IND Daily chart has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 169 for targets of 190,206 with sl below 157
RAIN:- The stock has given a breakout, if the stock sustains above 164.75 then we can see an upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
