RAIN trade ideas
Intraday 4% return on 1st day NSE:RAIN NSE:RAIN
NSE:RAIN industries TL & Resistance BO resulted 4% return on 1st day, check the levels marked , Entry level respected very well.
Two targets marked for positional traders, For un predictional moves on market, use resistance level as SL for positional traders.
Intraday traders can use nearest candle low as SL.
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13% Returns in 3 Trading Session ✌✌✌This scrip was posted on 5th July in this platform and so far it given 13% Returns in 3 trading session. I hope all our followers had benefited from this post. I request our followers if they feels that it really benefited them, kindly like and share to all your friends and to the needy people. Thanks to all.
Rain Industries "Udega Trade"Risk : Reward is 1.5 and the company is fundamentally good. So jump in !! Long term pick for me.
A big rally can be seen in RAINA much awaited formation on the chart of Rain industries after a downtrend on weekly TF.
A breakout may happen after the Rounding bottom formation.
This belief becomes more powerful by looking at the heavy volumes with strong buyers.
Keep on radar.
Keep earning, keep supporting.
Rain longRain Long
gives breakout after 1 1/2 months consolidation
Buy at CMP-200 or around 195
SL- 186.5
Target- 230, 274
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Rain Industries - 40% Return Possible in Short TermRain Industries
Lets Analyze the move one by one
Previous Move :
From Nov 2020 it repeating the same process (40% Upside and 20% Downside movement)., The chart explains everything
Current Situation :
It made a 40% upside move and undergoing a correction - Most possibly the levels 170(Minor) and 160(Major) will act as a Support., Also 0.5 lvl of Fibo is merging near 160 zone which gives additional confirmation for reversal
Future Move :
Once the price reverses, It will be a good candidate for Short term with 40% return
For Finding Target I used one of the method using Fibo extension (It shows 220 zone as Target, As well as if the price reverses from 160 zone, The 40% Target lies at 220 zone)
Final we can expect 220 from this Stock
Note :
Recently the stock posted extraordinary result., Aggressive traders can start accumulating this stock from 170 zone till 160 zone
Cheers and Take care..
RAIN Industries Resistance and TL BONSE:RAIN
All levels mentioned in chart.
Good above 227 candle closure
TWO CUPS ARE TOO MANY IN RAIN INDUSTRIESRain Industries formed a Cup with the resistances at 224-234 range and a bigger cup with the resistances at 390-403 range. It was also moving in a Parallel Channel from November 2020 and it has smartly broken out with good volumes. I have off loaded a part of my holdings at 220 and the rest I would be looking for 400 as my final target.
It has to break the resistance at 224-234 range to resume its journey upwards.
I entered at 153.
Rain Industries - Investment Stock 2Price is bullish as long as it holds the trend line. Can buy if price has pull back move or can buy if prie sustains 180 - 186 for the targets 198, 212, 230, 244 and 262.
Note : Consult your financial advisor before investing.
Rain Industries Beautiful Rounding Bottom Formation Breakout Rain industries has formed a perfect textbook rounding bottom formation. This looks like a reversal . Not only price but volume has also supported with rounding formation.
The history of the chart says that when this stock comes in momentum the rally extends. If it retests its level it would be a perfect buying opportunity. That being said stocks sometimes don't wait so buying at this price with small quantity is preferable.
RAIN INDUSTRIES entry around 170 to 175 level.target above 210Entry 170 to 175 .
Target 210
Stop loss 165
Risk reward ratio ( 1 : 5 )
Rain can fly now!The stock is travelling in a rising wedge, constantly taking support on 20 EMA. Volumes have been high too. Stock looks good for 210 and if the wedge is broken with volume, 230 next target
Expecting Breakout ✌✌✌This scrip is expected to give breakout because it given triangle breakout and expected it will move another 10- 15% movement in the coming days. So traders keep on your radar to catch the momentum and enjoy the profit.
Rain Industries :15 Min TF Contracting TriandleRain Industries
on a 15 min TF contracting triangle is seen.
Which way it will take lets see
Rain Industries: 3rd major wave near to completionRain industries:
3 rd major wave looks like an extended wave and is near to completion.
volumes has increased.
