Descending Triangle BO- BO at an important Support
- BO validated with Volume
- Above Key EMAs
- Bullish RSI
RAIN trade ideas
RAINRAIN:- The stock has given a breakout, if the stock sustains above 164.75 then we can see an upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Thanks,
Ajay.
keep learning and keep earning.
RAIN trend change?1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
It looks like the downtrend in NSE:RAIN is going to change. It's a buy with stop at ₹155.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
Buy Rain Ind cmp 163 tgt 180 sl 153 , Range BreakoutBuy Rain Ind cmp 163 tgt 180 sl 153 , Range Breakout
RAIN getting ready for a BREAKOUTRAIN indistries has been in a downtrend and now trying to give breakout of it's 18 months old trendline.
It has also developed a double bottom pattern.
Buy above 165 (which is a strong resistance as well as 200 EMA) - carry only on day closing basis.
Positional targets would be 169, 175 and 185.
Learn & Earn,
Dr. Tanya Kumar
RAIN INDUSTRIES TARGET 207RAIN INDUSTRIES monthly and weekly symmetrical breakout point with weekly bullish. If it sustains above 168 it will reach 207
RAIN INDUSTRIES#rainindustries making a double bottom showing big buyers coming in , a breakout above the downtrendline (160-165 levels) will take the stock towards 190-200 levels (short to medium term swing ) , looking good for a swing trade
Long on RainClearly metal sectors are on the long here.
its just touched the bottom of the trend line indicating going on the long here
Double bottom in RAIN ind.could be a bottom formation?
a good price to accumulate.
favourable risk to reward
good pick for short to mid or long term holding
SL is 118
first target 248
RAIN INDUSTRIES AT SUPPORT & POLE FLAGTook support at support zone with long bullish candle with volumes
making pole flag on smaller TF
Long term retraced from .6 fib levels which is health reversal
Rain Industries at strong support One can keep Rain Industries in radar as it's in a very strong support zone.
Look at weekly 200 ma and ema and keep that as SL
Wait for it crossing 200 dma and dema and daily Supertrend to turn green!
RAIN - Trendline breakout on upsideRAIN has given good closing today, above the trendline since Jan'22 (1 year).
We can get more confirmation on up trend if it closes above 190 levels (previous swing high).
All cement stocks are showing positive momentum.
Targets can be previous swing highs of 205 levels and 255 levels.
SL: Daily candle close below 175.
Looks good for long for 6 mo to 1 yr timeframe.
Asymmetrical triangle Break out contender #RainIndustriesRain is setting up as a contender for Asymmetrical triangle Break out on weekly chart, keep an eye. Volumes are supressing, once can enter on Break out with volume and/or perhaps can wait for BO retest. Entry/Exits mentioned on chart, lucrative R:R.
Disc: Chart for study purpose only, not a reco to buy/sell. Do your own research :
Disc; Not invested
Rain industries long Setup for long in rain industries. In shorter than also we can see the triangle for breakout. Swing can work. It’s just my own view.
#PA
RAIN INDUSTRY LONG TERMRAIN INDUSTRIES :
On Weekly Time Frame it shows break out is awaited within few days, may be in the very next week. If it breaks out (Whose probability is high as it is currently supported by 200 EMA) , long term target would be 340 with some resistance at 240. with a very small SL , one can plan a long-term profit booking from this stock.
Stock PE : 4.50
Industry PE : 13.60
Market Cap : 5644 Cr
My view on RainRain forming inverse Head & Shoulder
Looking tgt 174-175-176 in very short term
Keeping on radar Rain 175 CE
RAIN INDUSTRIES RAIN INDUSTRIES - Pole & pennat formation
Target - Add the length of pole to the breakout
SL - 174.55
Given one year old trendline breakoutThe stock has given a one year old trendline breakout and given a strong closing.
Buy above 185 for both intraday and positional (on day closing basis)
Positional targets can be 191 and 199.
Learn & Earn,
Dr. Tanya Kumar
RAIN INDUSTRIES> RAIN INDUSTRIES
> Cmp - 183
> Keep an eye , Breakout of trendline.
\\ For educational purpose only \\
Rain Industries - weeklyRounding bottom formation + Flag
On breakout, it can give a good upmove till 210-242-271 and even 303 levels. SL can be the lower trendline of flag.
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.
