Rainindustries
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.
#RainIndustry#RainIndustry
Buy at CMP(151.85)
Stoploss: below 120 WCB
Target 1: 228
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.