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RAIN INDUSTRIES LIMITEDRAIN INDUSTRIES LIMITEDRAIN INDUSTRIES LIMITED

RAIN INDUSTRIES LIMITED

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RAIN trade ideas

Rain might Make it HailRain industries is currently in a symmetrical triangle pattern resting on the 200EMA and is on a strong area of confluence which is acting like a support zone, it is also supported by a moving average right below which is the 50EMA which gives us 3 major support zones. Looking deep into the volume of the consolidation, you can see that the consolidation was on low volume and a good green candle has formed with good volume showing buying at that level. Normally when the market breaks out, we miss the best entry, to prevent that, we indulge in a riskier trade with the help of position sizing giving us maximum gain and minimum loss. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Add to more on break of triangle Target with a good risk to reward Stop loss below 50EMA Keep It Simple
NSE:RAINLong
by Krish_Kohal
Rain Industries Limited (RAIN) can be next hidden gems Analysis on RAIN Industries ltd : ABOUT Rain Industries Limited (RAIN) CMP -172, is a leading vertically integrated producer of carbon, cement and Advanced materials products. Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents. Company fundamental overview- 1. Stock is trading at 0.69 times its book value (CMP/book value = 172/251). 2. Company is expected to give good result for 2023-2024 FY. 3. Company ROE - 19.8%. 4. Adjusted EBITDA for Q1 2023 was Rupees 6.85 billion, in line with Q4 2022 and historically normal range. 5. Consolidated net revenue for Q1 CY23 was Rupees 52.10 billion, an increase of Rupees 8 billion compared to Q1 CY22. 6. Revenue from Carbon segment increased by ~31.4%, while revenue from Advanced Materials segment decreased by ~17.8% in Q1 CY23 as compared to Q1 CY22. Company business overview- 1. Aluminum remains the metal of choice for a growing range of products, resulting in continued strong demand. 2. Demand for cement remains reasonably strong in South India. 3. RAIN's immediate goal is to reduce debt, and the company is monitoring the debt markets to find the optimal time to refinance. Sustainability: RAIN issued its first publicly available sustainability report and is committed to a sustainable environment and maintaining the ecological, social, and economic well-being of future generations. Technical levels : RAIN successfully break a 5 year bearish trend line at 160.15 as per monthly chart with good volume, also its crossing 50 DMA at 154.77 and 200 DMA at 165.73 levels. If it hold above 155.15 levels its can go up to 191.60 levels and 235.90 levels.
NSE:RAINLong
by SnehasishBera