RAIN INDUSTRIES - Opportunity at 195 (potential upside ~2.2x)RAIN INDUSTRIES has strictly followed the channel (blue) for close to 13 months before breaking the same - another channel has emerged (red). #RAININD can go down to INR 195 and still remain in the red channel with an upside of 31%. If it manages to enter the blue channel again - it can go as high as INR 426.
Can consider buying once it falls another 5% from current levels.
RAIN trade ideas
Rain Industries (Long)Stock is ready to fly with tgts ... SL ... Buy price given on the chart.
It took support at 200 EMA.
Crossed resistance of 206.
Took support at all time trendline.
191 was earlier a resistance and later took support at 191 for 4 times.
Good volume coming in this stock.
Broken falling trendline.
Buy this stocks for tgts and SL as mentioned.
Please do analyse yourself also on charts. This is for educational purpose only. Must consult your financial advisor before investing.
RAIN - Long term investment RAIN INDUSTRIES - Our long term investment pick.
Look at the overall structure.
It is forming smoothed cup on larger tf, whereas currently it is travelling in a cannel, whereby the bottom has been made a few weeks back.
According to me, it will obey the cup structure or 21 EMA on weekly basis and develop slow & consistent pace and breach the cup.
VERDICT - A must add portfolio stock with highly scalable business and even higher growth potential.
Available cheap.
Rain Industries Cup And Handle Pattern On weekly chart NSE:RAIN
Rain Industries on weekly chart form a cup and handle pattern and almost ready for big blast rain industries will show good uptrend from here onward. to be safe side one can wait for follow through buying on daily chart. CMP is 243.3 while 190 will be good support.
|| hari om ||
|| Shree Ram ||
|| Ambdnya ||