RAIN Industries - Going to taste past consolidation zone!In my view RAIN will touch it's past consolidation zone before bouncing back.
*** For Educational Purpose only - It should not be considered as buying tips ***
Rainindustries
RAIN INDUSTRIESseems like holding the trendline again after a shake off. can go long on this one for 3 digit growth. might see some consolidation or slow movement for now but worth holding for long. I'd keep stoploss at a bit lower levels if it comes down.
Rain Industries Big BreakoutBeautiful structure and good Break out
RSI & RS Both Trending up
Poised for an upmove
SL 190
Target 1: 269
Target 2: 357
RAIN Bullish trend Alert RAIN:-
1.rising wedge pattern price movementum
2. trend reversal price move
3. tomorrow upper side open confimation bullish sentiment
Target 1 (55%) achieved in Rain Industries. Target 2 is ON...This is follow-up on Rain Industries. Can check link to related ideas.
Target 1 achieved. More than 55%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
RAIN INDUSTRIESRAIN INDUSTRIES seems really good for long term. A clear breakout has been and as it is in impulse, every dip makes it valuable. So try to accumulate the stock till 190 from current level.
CHART AND ANALYSIS
ADARSH DEY
Rain Industries Breakout View.Rain Industries Rounding bottom Breakout View. Good to go long. Also Good RR.
Rain Industries "Udega Trade"Risk : Reward is 1.5 and the company is fundamentally good. So jump in !! Long term pick for me.
Rain Industries - 40% Return Possible in Short TermRain Industries
Lets Analyze the move one by one
Previous Move :
From Nov 2020 it repeating the same process (40% Upside and 20% Downside movement)., The chart explains everything
Current Situation :
It made a 40% upside move and undergoing a correction - Most possibly the levels 170(Minor) and 160(Major) will act as a Support., Also 0.5 lvl of Fibo is merging near 160 zone which gives additional confirmation for reversal
Future Move :
Once the price reverses, It will be a good candidate for Short term with 40% return
For Finding Target I used one of the method using Fibo extension (It shows 220 zone as Target, As well as if the price reverses from 160 zone, The 40% Target lies at 220 zone)
Final we can expect 220 from this Stock
Note :
Recently the stock posted extraordinary result., Aggressive traders can start accumulating this stock from 170 zone till 160 zone
Cheers and Take care..
Rain Industries Beautiful Rounding Bottom Formation Breakout Rain industries has formed a perfect textbook rounding bottom formation. This looks like a reversal . Not only price but volume has also supported with rounding formation.
The history of the chart says that when this stock comes in momentum the rally extends. If it retests its level it would be a perfect buying opportunity. That being said stocks sometimes don't wait so buying at this price with small quantity is preferable.
RAIN INDUSTRIES entry around 170 to 175 level.target above 210Entry 170 to 175 .
Target 210
Stop loss 165
Risk reward ratio ( 1 : 5 )
Rain Industries :15 Min TF Contracting TriandleRain Industries
on a 15 min TF contracting triangle is seen.
Which way it will take lets see
Rain Industries: 3rd major wave near to completionRain industries:
3 rd major wave looks like an extended wave and is near to completion.
volumes has increased.
#RainIndustriedBuy Rain industries for target of 230 (short term) stoploss 180
long term target 280 ++ stoploss 165
[SHORT TERM] RAIN INDUSTRIESThe stock looks good to buy at 180-185 zones for a quick 10-25% profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
RAIN INDS - History & Patterns RepeatThe 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.
Rain IndustriesLook at the chart of Rain Industries carefully. Previously after forming every high, it did'nt spent time there is came down. But now it's spending time near it's high. Good for swing Trade.
[POSITIONAL] RAIN INDUSTRIES - RISING CHANNEL TRADEIt looks like Rain has completed it's correction as it is sitting on 2.618 Fib support also near the bottom of the channel. Next wave can take it towards its next Fib resistance of 3.618 that is 187.
Stoploss is 144 Weekly closing basis.
Head and shoulders pattern formation in Rain IndustriesRain Industries has formed a head and shoulders pattern in the 45 mins chart and has given a breakdown below the neck. The stock can be expected to go down around 11-12 points from the current levels.
