Rain Industries - VCP on weeklySuperb volumes
Superb structure.
I will buy some tomorrow itself and rest on the retest of the BO levels, stop could be the latest low or 20EMA on a daily chart.
RAIN trade ideas
Watchout for Resistance breakoutThe stock looks good above 162.4 level (strong weekly resistance breakout)
Rain Industries - Verge of a turnaroundTechnically the price is compressing with higher lows and could be coiling up for a breakout. Above 150 this stock could chart a new trajectory.
Long at CMP and will double down above 156. This is more an investment buy as we wont be able to time entries but with the capex cycle complete this company will become a free cash flow producing machine. Expecting the target to be a new all time high in a couple years for sure as long as Aluminium prices sustain above $2000.
1) Their vertical shaft plant should be online anytime which will make them lowest cost producer by a margin
2) Their chemical division is now working in full swing
3) With AL prices above $2100 US Smelters are now profitable and demand for CPC will be up
4)They had a laggard in cement which too is now doing very well.
5) Their capex cycle is complete, now this company will become a cash producing machine with favourable tailwinds
6) See their operating cashflow numbers they are insane.
RAIN INDUSTRIES - Get Set Go....Riding the parallel Channel, it has made an inverted Head and Shoulder.
Awaiting breakout of the neck line.
Inverse head and shoulder pattern Break and now retestgo for long
trend in chnge in weekly time frame
hold for 2-3 year and see the magic
retest the pattern
Rain Industries ltd Do your analysis before taking any action.
Target and entry-level is on the chart.
Rain Industries - Long setupRain industries around breaking long term resistance and LL-LH formations. The stock is showing good volume support at the resistance zone. Next target around 200/240
Rain Industries add above 148 with SL of 126.Inverse Head & Shoulder with break out above 148 on weekly basis. Target 190 Plus
Rain Industries 2D chartINHS pattern on 2D chart. Target 1 - 171. Target 2 - 220
Any dip towards 120 can be good for making new entries.
perfect buy in rain industriesrain industries has broken above the long term resistance and looks like it has ended the consolidation period.
targets are 195 &225
Rain Industries | Breakout | Ready to move upsideThe stock is currently moving in a parallel channel forming a bit of rising wedge on a weekly chart.
The current price trend has been nicely supported by volume trend as well,
The stock has breached the multiple time resistance of 148.30 with higher than average volume indicating a positive signal. And now is moving towards its short term targets of TG1 - 159.35 and TG2 - 177.30, with a long term view at 229.10 .
The past support & resistance trendline depiciting the targets are very much alingned with the Fibonacci retracement to have a stronger conviction.
CMP - 151.90
TG1 - 159.35 (4.9%)
TG2 - 177.30 (16.7%)
Long term Target - 229.10 (50.8%) ; Long term stop loss - 129.45 (-14.78%)
Risk : Reward Ratio --> 1:3.4
The Analysis is done completely based on personal knowledge and to share with others for educational purpose.
It isn't any sort of recommendation. Please consult your financial advisor before any investment related decision.
