RAIN trade ideas
Rain Indust. 180.5 Target 116, 126Rain Industries is in a uptrend and has a resistance @185.5 It is also making a small descending triangle with good build up. The triangle is converging. The breakout of this triangle is also at 185.5 RSI is 56.87 and the StochRSI is also building. Overall chart in a beautiful uptgrend.
Look for a big move, target 116, 126 and if it goes beyond the trend it would be a good investment to medium to long term.
SL 175
These views are personal and invest with caution with strict stop loss. I would suggest SL 175 for a reward of 116 or 126.
RAIN Industries on Weekly chartRBs + Zig Zag on weekly chart.
This is the further update of daily chart posted on 30th April.
Rain Industries forming rounding bottom patternRain Industries forming rounding bottom pattern on weekly timeframe and near its neck line tgt could be 227-313 in 2-4 months once 190 is broken with bullish candle you can go long with stop loss below 166
Rain Ind. - Strong Breakout with Volume Expansion- Good Fundamentals
- Strong Breakout at 175 Level
- Heavy Volume expansion
- Ascending Triangle Pattern showing buying pressure
- Entry can be at 186 with a stoploss of 167.5
Rain Industries for Long TermNSE:RAIN looks good for long term investment near 152-145 range. There might be a small correction from CMP. If you think price doesn't comes to that range you can add 50% quantity at CMP.
Disclaimer : This chart is for education purpose only. I will not be responsible for your losses or profits.
rain indThe stock is in the base formation ...and is going to start 2nd phase of growth ...huge accumulation seen in base formation...head and shoulder pattern formed at the bottom
#RAIN Parabolic PatternRain has formed a parabolic pattern. On breaking the pattern, it will be super bullish. Try buying during the pullback and enjoy the ride.
Only for educational purposes only - trade at your own risk.
Good luck.
Rain IndustriesLook at the chart of Rain Industries carefully. Previously after forming every high, it did'nt spent time there is came down. But now it's spending time near it's high. Good for swing Trade.
Rain Industries Cmp 181.25 dated 7.5.2021Rain Industries Cmp 181.25 dated 7.5.2021
1. Two & half years Rounding Pattern breakout
above 196.
2. Channel with HH & HL will also have breakout
above 195.
Buy for a tgt of 240-350 SL 140
It is just a view, pls trade at your own risk.
[POSITIONAL] RAIN INDUSTRIES - RISING CHANNEL TRADEIt looks like Rain has completed it's correction as it is sitting on 2.618 Fib support also near the bottom of the channel. Next wave can take it towards its next Fib resistance of 3.618 that is 187.
Stoploss is 144 Weekly closing basis.
Head and shoulders pattern formation in Rain IndustriesRain Industries has formed a head and shoulders pattern in the 45 mins chart and has given a breakdown below the neck. The stock can be expected to go down around 11-12 points from the current levels.
RAIN INDUSTRIES SHORT TERM A near term short term target of Rs. 195 in few days along with final target of Rs. 200 can be seen in near Future. The concept is clearly based out on Fibonacci Retracement. SL can be maintained at Rs. 175
Rain Industries is getting exhausted. Final move is here!NSE:RAIN shows RSI divergence hence the momentum is slowing down each day.
It is getting exhausted and will be fighting for new highs as much as it can around the Price Reversal Box drawn in the chart Rs190-200. This acts as resistance and might not break it in one go.
Slowing and reversing from those price levels will give a corrective pattern.
Kindly take each idea as education purpose only. No trading advice whatsoever.
RAIN LONGCan go long for 10-15% return and even more if crosses 175, provided holds good for TrendLine.
Please do consider COVID risk factor before investing.
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Thanks:)
Definite Range swing trade in Rain IndustriesThe stock is in a green crossover on the ADX and it's highly probable that the stock will hit the target 200 in the following week or two. Definite buy from my side🤑.
