As price is sustain above daily Ema 20 even after sharp fall in nifty. Expecting good move in upcoming days for Target of 200+ sl 160 buying at CMP 173
Rain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing.
Reasons are listed below :
Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement.
The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in...
Greetings, traders!
We've identified an exciting swing trading opportunity with Rain Industries, which has just signaled a bullish trend line breakout. This movement is not only significant but is backed by increasing volume, indicating strong buying interest and investor confidence.
Why Buy Now?
Technical Breakout: The stock has convincingly broken above a...
Interesting BO gonna happen in Rain industries. Waiting to mint some profits.. I may buy at 174 level around. I dont recommend others to trade as per my view.
Rain Industries has attracted loads of volume these past few weeks, infact I am bummed about this as I didnt catch it earlier.
Even then the stock is near a long weekly base BO and even attempted that this last week. For the daring ones, this can be a good bet, for conservative ones, not so sure, Maybe keep a tight SL using the daily charts if that...
Prices turn around before the results do. Huge Accumulation done. Once the upmove starts it will be fast and furious. CMP 160, Target 1 - 250, Target 2 - 400, SL DCB 120
📈 RAIN @175-180
✅strong momentum from support
✅ Engulfing candle + breakout in lower time frame
✅Rise in volume + Rsi
✅ PE is just 3.5 compare to sector pe of 24.3 highly undervalued
✅ Company growth and profitability is also high
After breaking the previous high with good volume, the stock has undergoing the correction .Fib levels are marked in the chart.May expect the reversal from these zones.
Rain is into transforming by-products of oil and steel industries into high-value carbon-based materials essential to numerous manufacturing applications and end products.
RAIN HQ is in India & it has manufacturing facilities in 8 countries across 3 continents.
Fundamentals:-
Debt is more than reserves.
Current Price is less than book value.
Dividend giving...
Hello Everyone, i have brought a stock of carbon cement producer which has given neat and clean breakout of Bullish Triangle Pattern on weekly Timeframe. Cement sectors giants like acc and ultratech has given best qtr this time, seems this could be a game changer for cements stocks. if we talk about Rain industry it is trading now on high discounts from all time...
Strong Support Momentum: Rain Industries is experiencing a notable upward momentum rebounding from a strong support level, indicating renewed investor interest and potential bullish sentiment.
Technical Breakout: The stock exhibits a bullish engulfing candlestick pattern along with a breakout in lower time frames, providing confirmation of the bullish...
![RAIN: [Swing Trade] Rain industries - above 174](https://s3.tradingview.com/m/mO6wsmYA_mid.png "[Swing Trade] Rain industries - above 174")
