Rain Industries Boom Above 200Stock with huge upside forming base
Rain Industries CMP 179.85
Breaking triangular range on monthly charts
Leading producer of Calcined Petroleum Coke
Largest Coal tar distiller in the world
Huge upside pending for stock
Cyclic stock needs lots of patience
Accumulation zone 176-185, Above 200 we can witness the opening of a new range. Strong Fundamentals, from a sector of petrochemical, management working on reducing Debt
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Rain Industries Best Risk Reward IdeaAs per my analysis, NSE:RAIN has been retraced 0.618% on monthly candle and taken support on 127 few days back. Now price continue to move for upside. Best buy level to take positional entry is 153 with stop loss of 140 (-13 points risk). Expecting upside target of 180 (+33) & 213 (+60). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis/research to take any trade. Thanks.
RAIN High Reward Low Risk IdeaNSE:RAIN is continuously trading above support of 148. As per my analysis, it is best time to take positional buy entry at level of 150 with stop loss of 140 (-10 points risk). My expected upside target would be 153 (+3), 165 (+15) & 185 (+35). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Momentum Finally rains on Rain Industries. Rain Industries is one of the biggest producer of Calcined Petroleum Coke. The company operates in 3 business verticals Carbon, Advanced material and Cement. A negative aspect of the company is decreasing ROCE. Positive aspect of the company is Zero Promoter pledge as well as FIIs and MFs increasing the stake. Entry in the stock can be taken after closing above 181. Targets will be 190 and 197. Long term target in the stock will be 206. Stop loss in the company should be maintained at a closing below 155.
RAIN INDUSTRIES Trend AnalysisTechnically highly bearish as RSI dropped below 50 level with declining volume.
Price broke out of a symmetrical triangle pattern, retested and now heading lower towards buying zone highlighted.
Buying zone lies in confluence with KEY SUPPORT level and FIB Golden Zone
Accumulate around 135-150 levels for a good positional target around its ATH 440-460 levels (220% ROI long term)
You may consider keeping stop loss @ 125 (optional)
Potential risk reward ratio 1:10
As I say always do your own research before trading or investing.
Peace!!