RAIN INDUSTRIESRAIN INDUSTRIES:- buy on dip 130/140 for target 230/400++ sl 110 dcb
#Disclaimer:-I just shared view for only educational purpose.
RAIN trade ideas
Rain Industries - Investment Stock 7Buy in dips above 130 for the targets 178, 212, 256 and 288. Always consult your financial adviser before investing.
RAIN,ready for the swing move.Hello traders,
RAIN industries started a huge continous fall from JAN 18 since it was 475.
now it made a reversal pattern and we can safe buy above 150.can move very good.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
Rain Industries (CMP 144) Rain Industries (CMP 144)
Support 110 Resistance 190-230 and beyond.
Very high volumes last week.
All Time High (ATH) is 480. Stock for short to medium term.
RAIN has broken out a strong zone of resistanceNSE : RAIN INDUSTRIES
Rain Industries was in a down trend for past 3 years.
On the weekly time frame 50 % Fib Retracement stands at (115.55-138.15) zone.
This zone was acting as a strong resistance for the price to break this level.
From the march low, the price strarted to take support on a bullish trendline and forming higher highs.
and the price was in the form of ascending triangle pattern.
Last week the price has broken out with good volume indicating the bullish momentum.
We can enter Long trade @ CMP or 140 level and target 165 & 190 level .
RAIN industries BreakoutRAIN has given breakout on weekly chart,
Patterns:
Inverted H&S on Weekly
Cup Handle on Weekly
Fibonacci Retracement
on 21-Dec, it has given false neckline breakdown, however it reclaimed it with good volume.
it sustained above neckline after giving false breakdown of neckline.
it as given Cup& handle breakout on weekly with good volume
it has retrace 61.8% of fib retracement.
it has a potential target of 211.
horizontal consolidation breakout also seen.
At 21 weekly EMA, it has formed a hammer followed by strong bullish candle.
RAIN Industries - INHS Breakout (Weekly Chart)Note: This is for educational purpose only.
There seems to be an Inverse Head & Shoulder pattern bullish breakout with high volume on weekly chart. RSI above 65 indicates bullish momentum.
Rain IndustriesRain Industries Cmp 135 Cup & Handel breakout on weekly Chart there is hurdle @ 148 level can buy above 148 or buy deep on correction till 110 for target 180-205-240
Rain IndustriesRain industries crossing an important levels today. Can expect movement towards 200 levels
Rain Industries looking BullishCup & handle Breakout . For better Risk Reward, a tighter stop loss - 113, Target 203
Rain industries daily and weekly breakoutRain industries breakout at 125-130 Range has been done today I'm bullish on this chart and waiting to the target for 180 -185
Rain Industries - Weekly / Swing/ Positional
- Inverse Head & Shoulder
- Breakout
- Risk Management
- Position Sizing
MONEY RAINFALL COMING IN RAIN INDUSTRIES Very good formation of inverse head and shoulders formed in rain industries. Once it sustains above 130 it can reach higher levels very soon.
Target: 165-200 can be seen in coming weeks
