RAIN trade ideas
Positional trade / Investing Opportunity Looks like RAIN is ready for a bull run.
A good turnaround in the stock and higher high structure indicating in the same.
Rain IndustriesRain above 175 looks good...also the fortcoming results can mean increased volatility.
RAIN: WavesLong if we have a closing above 175 on a daily basis.
Invalidation: Closing below 175 and if it starts making a sideways pattern.
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RAIN INDUSTRIES BO TradeNSE:RAIN Levels are Mentioned in the chart... Look for Swing...
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RAINCurrently at resistance
But in good uptrend.
Accumulate on Dips
should be bought on correction near trendline support.
RAIN INDUSTRIESThe price is rejected at key resist zone and may retest at support looks good for a swing trade enter only above the key resist zone. " EDUCATIONAL PURPOSE "
Rounding Bottom patternThe stock is making a rounding bottom pattern and looks good above 175.5 level
#RainIndustry#RainIndustry
Buy at CMP(151.85)
Stoploss: below 120 WCB
Target 1: 228
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Has to close above resistanceFor the last three trading days Rain could not stay above the resistance line. For making next upmove it has to close above 169 on Monday and will cross another resistance at around 185. In the intermediate term the stock is bullish
Positional Bet Rain Industries Can give 20% move in coming weeksRain industries looking good for buy only for positional .
stock recently broke above 200DMA with nice volume and broke previous major resistance which give us more confidence to go long.
Earning announces today i am expecting a good gap up tomorrow .
keep it simple .
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Rain Industries - VCP on weeklySuperb volumes
Superb structure.
I will buy some tomorrow itself and rest on the retest of the BO levels, stop could be the latest low or 20EMA on a daily chart.
