hello everyone Rain is formaing a W pattern on daily time frameand there is a good long bulidup with good volume so one can add rain industries at 177 or at W PATTERN breakout for more conformation....
NSE:RAIN 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ,...
Buying Price - 185 or Current Price Stop Loss - 180 Target 1 - 222
SL can be 220 weekly close and above 276 weekly closing one can enter for 470 target
Rain Industries looking good @ 175 for short term investment. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Rain Industries has broken resistance and is on its way to go bullish
Long round bottom consolidation and a handle formation + Triangle - Chart levels are more self explanatory. Bullish in the weekly charts can expect a breakout soon
Very good chart structure, with base formation at INR 100, accumulate on dips and Stop Loss of INR 95, with targets of 10-15-25-40% from CMP
Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Hope this will bounce and do well as per todays candle ..but long term investors can get chance at 120-127
Rain industries to bounce back from this level it seems... Chats self explanatory Solely for leading and education purpose...
1. Rsi is taking support on 40 levels 2. Price is also getting support on the levels
#RAIN long Buy on dip for good RR Target -250/260+ SL-225 CMP:238 9 February 2022
rain chart analysis for intraday and swing trading
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in RAIN - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA - SL can also be maintained as 1% or closing below the low of breakout candle Levels...
I am not a SEBI stock research analyst this recommendation is only for education purpose buy at current level with immediate target 5%+ with SL Any candle close below current candle
Buy Rain Industries @236 - 240 SL - 233 Target 268
It is showing a clear cup and handle formation on daily charts, can give targets of approx Rs 270/- in short term. Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.