RAIN INDUSTRIES - Strong BreakoutRAIN INDUSTRIES looking for a good breakout above the counter trendline. RSI is supporting the move.
CMP - 184
Target - 205/230
SL - 168
Longterm Target can be 254.
Study the stock & Trade responsibly.
RAIN trade ideas
RAIN - possible turnout to downpour NSE:RAIN - Trading in the range from the past couple of days and yesterday(10-Jan)
on Futures - Price Breakout Upside above current JAN series and also previous DEC Series VWAPS from Below.
Also currently stock is trading above strong support.
The Breakout of the trendline should give us a good upside in the short time frame.
Once sustains above 182 - the next target is 206 and then 240 is possible in quick sessions.
Also - in terms of RSI on Daily, Weekly, and Monthly values - we can clearly see Daily RSI > Weekly > Monthly. And also recent crossovers.
Add to watchlist -- we can enter above the trendline and get wet in RAIN.
#RAIN #Bullish Rain 1M: Not sure exactly what is changing in business but surely chart is changing / indicating. Buy between CMP - 155. SL 145 on closing basis. Tgt - 200 - 250 - 275. #Dontmiss
Rain industry trading in triangle.Rain industry trading in triangle pattern wait for break out or break down for good trade.
Trend line breakoutChart has broken out the trend line,retested and ready to move upward. Price is above 100 sma and 200 sma. Volume is increased in few days. All are explanatory in charts. This is for educational purpose only.
RAIN | After Symmetrical Triangle Pattern• After Symmetrical Triangle Pattern showed bullish movement
• Entry:- 179.35 break
• Upside Resistances can become our targets.
Targets :- 185.60 , 191.55 , 195.90
Stop Loss / SL :- 170 Support zone .
RainAlways follow Risk and Position Management❇️❇️
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Happy trading
Be ready for big upside move of RAIN INDPerfect setup for investors entry in RAIN INDUSTRY for traders entry they should watch big huge volume nd ready to enter
Rain Industries Inverse Head and Shoulder pattern formation.Hi,
Please check chart for more details.
Thank you,
Rain bullish set-up Stock consolidated for very long with just one swing high and low (BOX). Also stock took support on a major support level as shown on chart. Volume spikes are also visible during consolidation and after Breakout. RSI is also greater than 60 , showing strength. Stock may test its upper resistance level around 205.
Disclaimer: I am not SEBI registered.
Fresh ImpulseThe Scrip is looking promising to me:-
- As the it made another HH on closing basis, EW counts suggests impulse move has started again.
- From Classic Technical Analysis, the stock broke out of the classic ascending triangle or VCP pattern.
Please do your own due diligence as this is my personal views only.
Rain Industry Weekly Analysis for LongNSE:RAIN Weekly Analysis for Long
Sustained above 0.5
L, H, LH, HH structure formed
Consolidated and breakout with good volume in daily time frame
Rain Industries Rain Industries
Looks good at CMP for Target 208, 250, 270++
Reasons for longs;
👍Quarterly results are out. Numbers are good Yoy basis.
👍Situation in UK is expected to improve with new goverment in power
👍The plant which was shut down because of economic crisis in UK is expected to resume with the improvement.
👍Booming sector
👍Fair valuation
👍Inverted H&S in making.
👍 Favourable RR
👎SL Below trendline
Updates from previous ideas
👍GNFC - 700+
👍Deepakntr - near 1st Target
👍Gail -90+
👎Bandhan Bank - SL hit
👎HuL - SL hit
🤙KRBL - Still strong went up more than 400 HOLD
rain industries ....rain industries ....
1 - forming inverted h&s
2 - w pattern
3 - price trading near 200 ma
buy above day high
t1 @ 173 intraday
t2 @ 180 swing
t3 @ 186 swing
t4 @ 200 swing
Rain reversing from retracement levels Expecting Big Move Rain industries reversing from 61.8% retracement level
positive RSI on Daily & Weekly Time Frame
Big rally from current levels
Expecting 50% Rally from CMP
Rain Industries chart looks GoodAfter crossing the first level it will try to fill the Gap and then reach the resistance level.
Any suggestions, pls comment
Definite Buy - Morning star near support lineYou can see the chart.
Support and resistance lines are drawn
Buy: @CMP
SL: 175
Target: 200+
Its Raining breakout - Rain IndustriesBuy above 206-7 for 1:3+ Risk Reward
Breakout likely above these levels
Simple chart formation
Need support with volume for price action to sustain
Rain IndustryRange breakout after long consolidation and immediate target is 225-247-267 with sl 195.
Long Rain Industries at 195Make use of this dip and buy Rain industries which is running around 195 . Stock is trading near to the support and the risk reward is favourable. One can add further when in crosees 202 levels. Target for the september month is 220 plus
My view on RAINRain industries should give trendline breakout above 202.Looking tgt 205-208-210 in very short term.We keeping on radar Rain 210 CE sep.
Butterfly Pattern in Rain IndustriesThis stock is off late making lots of noises ( rather right noises) -)
Though it was a laggard for a while and now suddenly started moving in the right direction.
Fundamentally its a fantastic company and now technically its ready to fly. It has formed a butterfly pattern and will move upwards.
Results were fabulous and everything is good in this script. First hurdle may be around 211/215 after which its a smooth sail.
Check this stock and revert back.
