RAIN INDUSTRIES LT NSE:​RAIN

Sell for a target of 168-164 sl 195 Disc: 1. No trading position 2. Educational purpose only

.

Moving upward through channel Fundamentally strong company

Trade Explained in chart

The scrip seems to have turned bullish and in near term 221 can be seen and 280 in medium term.

SHORT TERM-MEDIUM TERM OUTLOOK OF RAIN INDUSTRIES w.r.t. ELIOT WAVES.

the weekly picture https://www.tradingview.com/x/8TMLGy2w/ 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 ...

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+

Made a turn around from support and bullishness may return now. Next resistance at 221.

Rain support seen at 207 and resistance at 257, with bullish trend. Hope it rains today!

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 ...

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 ...

Next monday Rain may go down to a level of 245 which should hold

Buy Rain Industries at 321 SL 303 Target 357-375

Triple Bottom will make a reversal for Rain Industries

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 ...

it formed a triple top

Current Resistance level at 409 Made higher bottom with Hammer and Next candle is Green High Entry = 376 Target1 = 409 SL = 360