RAIN trade ideas
RAIN INDUSTRIESStock has been falling from many months, making lower low.
Still no signs of reversal, however its been trading in fibonacci crucial zone hence keep an eye on price action
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Further support can be seen at 121 levels.
Volumes are considerably low.
RAIN.. Rain come again..its been raining for a while now from 480.
RAIN is entering support zone of weekly 200 mov avg (124) and monthly 50 mov avg (110).
110 to 124 can be accumulation zone for a rebound.
120 is also 75% retracement of life highs of 480. correction has been steep....
NOTE: Analysis is for EDUCATIONAL PURPOSE only..
RAIN...raining down,Likely to test 200 weekly ma also coincidentally monthly 50 ma.
NOTE: this analysis is only for EDUCATIONAL PURPOSE..
Came back from resistance today. Rain came back from 8/1 resistance line at 160 on intra-day basis. Once it crosses the resistance and remains bullish then in intermediate term 202 can be seen.
RAIN is consolidating1. RAIN is inside a channel and consolidating and didn't slide much during the June-October carnage.Closing above 200s would reverse the trend.
2. The vix fix is suggesting there's not much correction left and the bottom is being made
3. The yellow arrow area shows the trend is still bearish. But at the end, there's sign of a trend reversal, which will be confirmed once RAIN closes above 200.
Turned bullishOn 9th October Rain crossed 8/1 angle on closing basis, turned bullish and is now attempting to cross the next higher 4/1 angle resistance which is seen at 211. Support being at 157, if the scrip is able to cross 211 with bullishness, then we may see the next target at 247 in intermediate term.
Rain industries 03 Oct 18It is heading towards 123
Disc:
1. No vested interest
2. Educational purpose only
Rain 13Sep18Sell for a target of 168-164 sl 195
Disc:
1. No trading position
2. Educational purpose only
8/1 support is at 159.85.But if the channel drawn, works correctly, we might be seeing the low point of the channel today and from tomorrow the ascent may start
RAIN ind on start of bullish rally - crsd n cls abv 50 DMAat this point of time RAIN inds seems to technically more attractive as the bulls are able to keep up the break out above 50 DMA which shows bulls are preparing for some heavy action on this stock. LONG and HOLD till the bearish cross of 50 DMA. keep a STOPLOSS of 164.
Rain has crossed ascending 4/1 on closing basisThe scrip seems to have turned bullish and in near term 221 can be seen and 280 in medium term.
rain industry a revisit.. looks like accumulation just started!!the weekly picture
a test of supply levels at 150s which is the confluence of the yearly support and the 100week wilder moving average, is likely...
having said that, this might go for a prolonged sideways action, may extend for years or maybe not... this was a post life time 5 waves up carnage , so the next cycle wave to start, might take some time...
worth tracking the fundamentals for the leads...
Disclaimer... not an investing/trading recommendation
Long This one is Going up for very short range , one can look for buying above 203 with strong daily close and it can move till 248 , if it move out strong stay with it might be going to 310+
