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 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.
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...
this 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.
Monsoon is in flow and the scrip has also taken strong bullish ride breaking 52-week crucial resistance after block deal
economictimes.indiatimes.com
Although, corrections may happen due to profit booking by shorters and swing traders, The scrip can go long towards price target (mentioned in chart) as strong bullish trend can be noticed for now
Not complete...
Another interesting chart this one. Stock is in a major uptrend. It has been consolidating off-late and the daily price range is contracting steadily. Looks like price is coiling before a big breakout move.
Have this in your watchlist.
This stock is gaining steady growth and has taken support at 0.618 fib level. Aggressive investors should have entered at 95 level. Conservative investors can enter when the price breaks 0.786 fib level which is 107.I expect the stock to gain another 40 to 45 points in one year. Always consult your financial manager before investing.
RAIN - A small petrochemical company having trapped in a range bound trading range broadly between 30 - 50 Rs since May 2015 to October 2016. The stock tried number of times hitting and closing above 55 - 60 Rs range but failed every time until October 2016. The stock we first identified in 2014 when it registered a monthly Bullish Engulfing candle on the charts....
This stock running parabolic.
Its very good for short term play lets say next 5-10 days.
I prefer long side always as it showing breakout of 1 year.
Sl 54
