RAIN INDUSTRIES AT SUPPORT & POLE FLAGTook 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
Key stats
Market capitalization
49.527BINR
Dividends yield (FY)
0.68%
Price to earnings Ratio (TTM)
3.40
Basic EPS (TTM)
42.75INR
About RAIN INDUSTRIES LIMITED
ISIN
INE855B01025
Sector
Process Industries
Industry
Industrial Specialties
Website
rain-industries.com
CEO
Radhakrishna Reddy Nellore
Headquarters
Hyderabad
Founded
1974
Rain Industries Ltd. engages in the production of calcined petroleum coke and coal tar pitch . It operates through the following segments: Carbon, Advanced Materials, and Cement. The Carbon segment converts the by-products of oil refining into carbon based products. The Advanced Materials segment pertains to the production of raw materials designed for cleaner, lighter, and environment-friendly applications in specialty chemicals, coatings, construction, and petroleum. The Cement segment consists of cement plants that are self-sufficient in limestone in South India. The company was founded on March 15, 1974 and is headquartered in Hyderabad, India.
Rain Industries at strong support One can keep Rain Industries in radar as it's in a very strong support zone.
Look at weekly 200 ma and ema and keep that as SL
Wait for it crossing 200 dma and dema and daily Supertrend to turn green!
RAIN - Trendline breakout on upsideRAIN has given good closing today, above the trendline since Jan'22 (1 year).
We can get more confirmation on up trend if it closes above 190 levels (previous swing high).
All cement stocks are showing positive momentum.
Targets can be previous swing highs of 205 levels and 255 levels.
SL: Daily ca
Asymmetrical triangle Break out contender #RainIndustriesRain 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
Rain industries long 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 INDUSTRY LONG TERMRAIN 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
My view on RainRain forming inverse Head & Shoulder
Looking tgt 174-175-176 in very short term
Keeping on radar Rain 175 CE
RAIN INDUSTRIES RAIN INDUSTRIES - Pole & pennat formation
Target - Add the length of pole to the breakout
SL - 174.55
Given one year old trendline breakoutThe stock has given a one year old trendline breakout and given a strong closing.
Buy above 185 for both intraday and positional (on day closing basis)
Positional targets can be 191 and 199.
Learn & Earn,
Dr. Tanya Kumar
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