vikasbhekare

RAIN LONG position

Long
NSE:RAIN   RAIN INDUSTRIES LTD
RAIN looks bullish on a weekly time frame
The 0.65 retracement looked to be done last year in June with low of 128.60, since then it has been consolidating in a certain price range. Recently it has crossed its previous higher high with RSI inclining above 60.
If it is starting of 3rd wave the n we may achieve 1st 3 targets in no time. It would become weak below level 140.
Even if it achieves 3rd target it would give you 50% of profit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.