Cup and Handle BreakoutThe stock has given a cup and handle Breakout and looks good positionally above 243.5 level (on closing basis).
RAIN trade ideas
RAIN INDUSTRIES: BullishNSE: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 updated. We would not be responsible for the profit/loss resulting from this analysis.
RAIN INDUSTRIES - SWING TRADERAIN INDUSTRIES - SWING TRADE.
Change in polarity (CIP) and price is nicely following the CIP trendline.
Also, good volumes can be seen.
RAIN (Trend)-Heading for 260 (more likely)
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Please do NOT consider these as trade recommendations.
I' am an amateur and posting these charts helps me understand the market better.
I' am open for suggestions/advice.
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Long in Rain IndustriesThis scrip is in an uptrend since covid crash and it had previously given breakout from a major resistance but lost its momentum, fell down to the trendline. Now again it had given breakout and took a retest at Monthly Fibonacci Central Pivot.
I think this as a perfect opportunity to long this scrip with SL below the Pivot and i set target of R2 as I'll be holding it for months with RRR of 2, if you don't want to hold your position for long you may set R1 as your target.
Rain Industries Stock Analysis ! (1W)The Rain Industries stock rallied (+6.17%) on Thursday. However the stock's chart is broken out from its previous levels of 187/- on 19 july 2021. The stock has retested the levels already and it has a huge potential to go up when it breaks the levels of 272/-. Its immediate Targets will be 300, 310.
RAIN bullish trend analysisRAIN
up move chennel formation
healthy retracemnt complete after go bigg rally stock
coming sooon we mentioned target
RAIN INDUSTRIES PERFECTLY FOLLOWING A Channel near 8 months and now its near upside level to jump it , my opinion it will make able to cross this channel and will give a fresh breakout . sl should be 225-226
Rain 380+support at 209 & targets 260 - 310 - 380 on monthly closing basis. forming a rounding bullish pattern. can touch 700+ within a year & half.
Opportunity in RAINRAIN is at very important levels and is a good risk-reward trade. It can move higher after the breakout.
Target 2 (83%) achieved in Rain Industries. Target 3 is ON...This is follow-up on Rain Industries. Can check link to related ideas.
Target 2 achieved. More than 83%. Target 3 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.
POTENTIAL UP MOVE IN RAIN INDUSTRIESBEGINNER LEVEL ANALYSIS :
1. The price seems to breakout on huge volume and drawdown to breakout level, then go up to next high .---this pattern observed in 3 instances in past
2. China import of Aluminum has increased in recent months due to environment policy changes , this led to increase in premium on Aluminium ,Rain is aluminium based stock so positive moves expected.
im buying b/w 210-215 levels , potential for 300 by october.
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 ***
Rain Industries Weekly Rain Industries #Rain #Rainindustries Investment-With-Patience-BlackCandle-BlueCandle #CatchFallingKnife Note: My personal view is not to follow.
Rain Industries - Chart Looks Good Rain Industries - Chart Looks Good
Disc - Invested
All Capital Market Standard Disclaimers Apply
RAIN INDUSTRIES - CUP AND HANDLE FORMATIONRain Industries Stock is about to complete Cup and Handle Pattern which is a bullish pattern . So the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
