The chart was converging and it has just broken out of the triangle with huge volume. It may reach targets of 189 with 45% from the current level i.e. 131.4. Has a resistance at 131.8 and you will get sufficient time to put the buy call. RSI: 56.53, 10d moving average is overtaking the 21d moving average. This is my personal analysis purely on the basis of charts...
Rain Industries is in a uptrend and has a resistance @185.5 It is also making a small descending triangle with good build up. The triangle is converging. The breakout of this triangle is also at 185.5 RSI is 56.87 and the StochRSI is also building. Overall chart in a beautiful uptgrend. Look for a big move, target 116, 126 and if it goes beyond the trend it would...
Emami Ltd has broken the resistance of 16/4/21 and heading towards a new high. It is in a ascending triangle and if the trend breaks at 566+ levels it may go upto 601. Good accumulation is also seen. RSI is 71.7 My view is personal. Please watch the market condition and invest on your own risk.