Hi, Please check chart for more details. Thank you,
Stock consolidated for very long with just one swing high and low (BOX). Also stock took support on a major support level as shown on chart. Volume spikes are also visible during consolidation and after Breakout. RSI is also greater than 60 , showing strength. Stock may test its upper resistance level around 205. Disclaimer: I am not SEBI registered.
The Scrip is looking promising to me:- - As the it made another HH on closing basis, EW counts suggests impulse move has started again. - From Classic Technical Analysis, the stock broke out of the classic ascending triangle or VCP pattern. Please do your own due diligence as this is my personal views only.
NSE:RAIN Weekly Analysis for Long Sustained above 0.5 L, H, LH, HH structure formed Consolidated and breakout with good volume in daily time frame
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...
rain industries .... 1 - forming inverted h&s 2 - w pattern 3 - price trading near 200 ma buy above day high t1 @ 173 intraday t2 @ 180 swing t3 @ 186 swing t4 @ 200 swing
Rain industries reversing from 61.8% retracement level positive RSI on Daily & Weekly Time Frame Big rally from current levels Expecting 50% Rally from CMP
After crossing the first level it will try to fill the Gap and then reach the resistance level. Any suggestions, pls comment
You can see the chart. Support and resistance lines are drawn Buy: @CMP SL: 175 Target: 200+
Bearish divergence seen in rain , expect more downside towards 160.
Buy above 206-7 for 1:3+ Risk Reward Breakout likely above these levels Simple chart formation Need support with volume for price action to sustain
Range breakout after long consolidation and immediate target is 225-247-267 with sl 195.
Make use of this dip and buy Rain industries which is running around 195 . Stock is trading near to the support and the risk reward is favourable. One can add further when in crosees 202 levels. Target for the september month is 220 plus
Rain industries should give trendline breakout above 202.Looking tgt 205-208-210 in very short term.We keeping on radar Rain 210 CE sep.
This 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. ...
Rain industries, is valued at a PE of 5 at the current price. With heavy delivery volumes in the consolidation and highs being tested again and again, there is a big chance of uprise to 220 to 250 levels in the short term , BUY. Buying 200 AUG CE @ 4 rs and selling 210 AUG CE at 2 rs offers a good RR of 4 Rs. Good trade to take considering current bullish trend...
buy rain cmp 175 for target of 200.with stop loss of 170
RAIN IND Daily chart crossed 200 ema, TLBO and the selling zone is around 50-60 points away Can buy at 190-191 levels for target of 250+ with SL below TLBO candle i.e. 161