Took support at support zone with long bullish candle with volumes making pole flag on smaller TF Long term retraced from .6 fib levels which is health reversal
Price is showing strength SL - Price below orange trendline on weekly candle close
Rain is setting up as a contender for Asymmetrical triangle Break out on weekly chart, keep an eye. Volumes are supressing, once can enter on Break out with volume and/or perhaps can wait for BO retest. Entry/Exits mentioned on chart, lucrative R:R. Disc: Chart for study purpose only, not a reco to buy/sell. Do your own research : Disc; Not invested
Setup for long in rain industries. In shorter than also we can see the triangle for breakout. Swing can work. It’s just my own view. #PA
RAIN INDUSTRIES : On Weekly Time Frame it shows break out is awaited within few days, may be in the very next week. If it breaks out (Whose probability is high as it is currently supported by 200 EMA) , long term target would be 340 with some resistance at 240. with a very small SL , one can plan a long-term profit booking from this stock. Stock PE : 4.50...
NSE:RAIN - Trading in the range from the past couple of days and yesterday(10-Jan) on Futures - Price Breakout Upside above current JAN series and also previous DEC Series VWAPS from Below. Also currently stock is trading above strong support. The Breakout of the trendline should give us a good upside in the short time frame. Once sustains above 182 -...
Perfect setup for investors entry in RAIN INDUSTRY for traders entry they should watch big huge volume nd ready to enter
Stock consolidated for very long with just one swing high and low (BOX). Also stock took support on a major support level as shown on chart. Volume spikes are also visible during consolidation and after Breakout. RSI is also greater than 60 , showing strength. Stock may test its upper resistance level around 205. Disclaimer: I am not SEBI registered.
NSE:RAIN Weekly Analysis for Long Sustained above 0.5 L, H, LH, HH structure formed Consolidated and breakout with good volume in daily time frame
Rain industries reversing from 61.8% retracement level positive RSI on Daily & Weekly Time Frame Big rally from current levels Expecting 50% Rally from CMP
Make use of this dip and buy Rain industries which is running around 195 . Stock is trading near to the support and the risk reward is favourable. One can add further when in crosees 202 levels. Target for the september month is 220 plus
Rain industries should give trendline breakout above 202.Looking tgt 205-208-210 in very short term.We keeping on radar Rain 210 CE sep.
RAIN IND Daily chart crossed 200 ema, TLBO and the selling zone is around 50-60 points away Can buy at 190-191 levels for target of 250+ with SL below TLBO candle i.e. 161
Risk reward ratio :- 1:1 W pattern on weekly chart INSIDE BAR ON MONTHLY CHART DAILY RSI ABOVE 60
Rain Industries stock is in the mode to break the channel line and might go up. Aggressive Traders Buy above 159 rupees, Conservative Traders Buy above 162.50, with Stop Loss 150 rupees, Target 172-175 rupees. NSE:RAIN
RAIN INDUSTRIES is forming an Triangle...we can do #Swingtrades and #trendline trades...
If Breaks Then The Targets could be Taken at 188 . Time Frame :- 1 Hour Patterns Name :- IDouble Bottom Symbol Name :- Rain Industries If You want idea on any topic them tell me in the comments Based on Your Own Risk this is only to Show you the Current Pattern We are not responsible for any profit or loss . BTW Like and Follow if you like this awesome content
Volume expansion seen past few days Recent support of 163-166 was broken but reclaimed back quickly This shows buyers conviction If breakout happens then it can be bought with SL of support area and targets of 210/240 can be seen again soon