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RAIN INDUSTRIES LTD

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Rain Industries Rain Industries Looks good at CMP for Target 208, 250, 270++ Reasons for longs; 👍Quarterly results are out. Numbers are good Yoy basis. 👍Situation in UK is expected to improve with new goverment in power 👍The plant which was shut down because of economic crisis in UK is expected to resume with the improvement. 👍Booming sector 👍Fair valuation 👍Inverted H&S in making. 👍 Favourable RR 👎SL Below trendline Updates from previous ideas 👍GNFC - 700+ 👍Deepakntr - near 1st Target 👍Gail -90+ 👎Bandhan Bank - SL hit 👎HuL - SL hit 🤙KRBL - Still strong went up more than 400 HOLD
NSE:RAINLong
by Stockiist
1
Butterfly Pattern in Rain IndustriesThis stock is off late making lots of noises ( rather right noises) -) Though it was a laggard for a while and now suddenly started moving in the right direction. Fundamentally its a fantastic company and now technically its ready to fly. It has formed a butterfly pattern and will move upwards. Results were fabulous and everything is good in this script. First hurdle may be around 211/215 after which its a smooth sail. Check this stock and revert back.
NSE:RAINLong
by sbharadwaj2007
1
RainRead About WEDGE PATTERN WHAT IS A FALLING WEDGE PATTERN? The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend. HOW TO IDENTIFY A FALLING WEDGE PATTERN The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend. Continuation or (Reversal) Pattern: Identify an uptrend or (downtrend) Link lower highs and lower lows using a trend line. The two lines will slope downwards and converge Look for divergence between price and an oscillator like the RSI or stochastic indicator Oversold signal can be confirmed by other technical tools like oscillators Look for break above resistance for a long entry The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. While this article will focus on the falling wedge as a reversal pattern, it can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns. #Watchlist #RAIN (D):-CMP 191.35 Looks Good For More Upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions. #StockToWatch
NSE:RAINLong
by Charts_insiders
3