#rainindustries making a double bottom showing big buyers coming in , a breakout above the downtrendline (160-165 levels) will take the stock towards 190-200 levels (short to medium term swing ) , looking good for a swing trade
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
NSE:RAIN
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
Rain Industries looking good @ 175 for short term investment.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:RAIN HAS TRIGGERED THE BULL; CYCLE with up trending parabolic sar.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be...
![RAIN: [SHORT-TERM STOCK] BUY RAIN INDUSTRIES](https://s3.tradingview.com/e/eDWlc5Us_mid.png "[SHORT-TERM STOCK] BUY RAIN INDUSTRIES")
