Rain support seen at 207 and resistance at 257, with bullish treRain support seen at 207 and resistance at 257, with bullish trend. Hope it rains today!
RAIN trade ideas
Support Zones for RAIN [EW Count, algo targets & more]Primary Elliot count for RAIN Industries, with algorithmic targets for market makers to close their shorts .
Support Range 1: 188-210
Very common for a wave on high degree to retrace at 61.8-65% fibonacci levels.
Previous resistance factored into the zone.
Prime targets for algorithms and market makers who bought in previous local high to close their short positions.
Possible reversal at low volume node marked by arrow on the right.
Support Range 1: 120-150
Should Range 1 fail, I see 120-150 as the next influential support level.
Although 61.8 is prime, next fibonacci level is 78.6.
Previous highs, now turned support.
Possible reversal at low volume node marked by arrow on the right.
RAIN INDUSTRIES LTD - Currently in Pullback Phase.Rain Industries was struggling near 400 levels from past four(4) months.
and forming Spinning Long Range Candles, signalling supply pressure near those levels. Hence some decline was then seen in the stock, forming long bearish Candles.
Stock might correct more , however there are no much sign of weakness on the charts.
Price action should be observed near 300 and 250 levels, to identify further movement in the stock.
#RainIndustries - About to see Rainy Days?The stock witnessed a massive uptick in 2017 being one of the top gainers for the year. However at the turn of the year in 2018 it has struggled to match it's own performance and has seen a good correction of over 30%+ from the highs it registered in January of this year. The stock is forming a nice Head and Shoulder Pattern however has not given a price break down yet from there. However, after 3 unsuccessful attempts today the stock has managed to give a decisive close below the 38.2% Fibonacci mark. On the weekly scale the stock seems to have given a break down but on the daily charts an important observation to be made is that when the stock reaches near 30 odd levels on the RSI, it gives a pull back.
Taking into consideration all of the above factors, one can expect a bounce round the corner but not strong enough to change its current down trend. Once a convincing close of a price break down is witnessed below 304 levels, then further rainy days can be expected of the stock.
Disclaimer - I don't own any positions on the stock.
Rain Industries.. Wait and WatchRain industries become HOT favourite fot the traders. But it still has following Support and Resistances
Support 1 - 342
Support 2 - 305
Resistance 1 - 395
Resistance 2 - 405
Higher Bottom in RAIN IndustriesCurrent Resistance level at 409
Made higher bottom with Hammer and
Next candle is Green High
Entry = 376
Target1 = 409
SL = 360
Triangle chart pattern and we looking looking trade the trend.levels
Buy above 418.50
target buy 488.05
target 2 buy 582
sell below 361
target 1 for sell target 288
target 2 for sell targer 201
SL for Sell 418
SL for Buy 361
RAIN INDUSTRIES : Play with the trendBuy Rain Industries at 393
Target price: 420-440
Positional basis
Perfect bet :)
Go Long!
NSE: RAIN INDUSTRIES
BSE: 500339 | NSE: RAIN
Previous Close as on Friday, January 2th, 2018, 3:40 PM: ₹332.40
Buy at: ₹326*
Stop-Loss at: ₹301
1st Target Price: ₹375
2nd Target Price: ₹400
Duration: 1 month
*Buy only if the stock has touched this price while rising. The stock may correct beforehand and then start its upwards trend.
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the stock market.
RAIN INDUSTRIES bulls time to maintain cautionRAIN INDUSTRIES bulls time to maintain caution and if possible start booking profit on every raise.
RAIN INDUSTRIES - FLAG BREAKOUT RAIN industries also a investing idea for longterm.
stock has shown good momentum and has given breakout buy on any dips. stop 380 and tgt will be as high as 700.
Not a SEBI certified analyst. please take financial advisor help before investing,
Rain will Rain Money ... {Very Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
RAIN INDUSTRIES - Trade setupRAIN is on the verge of a triangle breakout; Buy after it breaks out on the upside for targets around 400.
RAIN - Time to drizzle money again.RAIN has undergone sharp correction after great up move, is likely to resume its uptrend from support levels indicated on chart.
Both trend line and Fibonacci are indicating reversal is at 288 thereabouts.
Give it a thumbs up if you agree.
LONG - THOSE WHO MISSED THE BUS ( investment) Bullish Trend Rain Industries hit a new high of Rs 374, up 10%, extending its Wednesday’s 6% surge on the BSE, after the company reported robust set of numbers for the September quarter (Q3CY17).
The company reported 94% year on year (y-o-y) growth in net profit at Rs 246 crore in Q3CY187against Rs 127 crore in a year ago quarter. Net revenue grew by 33% at Rs 3,038 crore on y-o-y basis.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margins improved to 22.1% in Q3CY17 from 19.8% in Q3CY16 and 17.2% in Q2CY17.
Rain Industries' expansion projects completed over the course of last two years, and improved capacity utilisations are contributing to revenue and EBITDA growth.
Industry fundamentals enabling improved realisations and higher volumes in carbon products, while functional integration across all the three geographies has improved efficiencies and enabled cost reductions, it added.
Rain Industries is engaged in carbon products, chemicals and cement business.
At 09:56 AM; the stock was trading 7% higher at Rs 364 on the BSE, as compared to 0.43% rise in the S&P BSE Sensex. A combined 5.47 million shares changed hands on the counter on the NSE and BSE so far. In past one month, the stock zoomed 94% against 5% rise in the benchmark index.
Source : Business standard
a great stock for long termthis stock is good stock but has high debt. i invested at 128 level and now the stock has moved till 180. I also see that it will go higher as the GST rate for this product is reducing.
