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Rain Industries: On verge of BreakoutAll the technical indicators,chart patterns,momentum indicators,price action, commodity price increase are all the factors culminating to bet on rain industries. The commodity bull run will increase the margins of the business. Rounding bottom/Cup&handle pattern is in formation. Respecting the trend line support and the momentum indicator,RSI>70 showing signs of good strength. Volumes are continuously increasing. One can start accumulating from these levels for targets of 230/280/300/340/400 with a stop loss of 155-160. #TradeTheTrend#ThemeBasedPick#TechnicalPick#MultiBagger#MomentumPick
NSE:RAINLong
by skklnsk
Brent oil seeks fresh buying but $65.00 probes buyersBrent oil’s bounce-off early February low has a bumpy road ahead as 200-SMA joins the previous support line from February 19 to challenge the commodity buyers around $65.00. Even if the black-gold prices conquer the $65.00 hurdle, March 10 low and February 25 top, respectively around $67.00 and $67.70 could test the oil bulls. It should also be noted that bearish MACD suggests further hardships for the commodity’s corrective pullback. Meanwhile, six-week-old horizontal support around $61.85 restricts the quote’s immediate downside ahead of 61.8% Fibonacci retracement level near $61.00 and the $60.00 psychological magnet. If at all the oil bears dominate past-$60.00, the late January tops surrounding $56.00 may return to the chart. Overall, oil bears are likely rolling up their sleeves to consolidate the latest run-up.
TVC:UKOILShort
by MTradingGlobal
IOLCP: Short& Mid term view BullishRef chart. MACD crossover may happen on upcoming days in daily chart. This will trigger to price shoot-up. In daily chart Indicators are turning bullish from bearish . In monthly chart indicators are continuing the bullish momentum last few months. From this level it may move the further upside. Targets are given by using patterns. ****Note: If you noticed my earlier views, most of the views given before breakouts by using indicators. Risk takers no issues but Safe traders can take the trade after breakout. Vijayaraghavn.K Kovilpatti.
NSE:IOLCPLong
by Vijayaraghavan