Rain has been consolidating for quite some time and its ready for a breakout, there is no good supply zone untill 238 - 240 which would be the potential target.
As 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...
1. Support at Rising Trendline and Horizontal Support:
The candle on the weekly chart appears to have found support at both the rising trendline and a horizontal support level. Finding support at these levels indicates a potential area where buying pressure might be present, reinforcing the bullish sentiment for the stock.
2. RSI Signals:
You mentioned that...
There have been many articles and threads written about Rain Ind being an undervalued stock and the concerns around its debt being very heavy but here I will talk about it only technically. This is my analysis but it is not a trading call but purely an Investment call to hold it for a couple of years or till the target is met.
It has formed a beautiful cup and...
Rain Industries has managed to sustain the support zone around Rs.140 which previously was a resistance zone with good volumes by end of the week.
Immediate Resistance can be seen around the level of 190 along with a weekly trendline.
If it manages to break the same, a potential target of Rs. 255 is activated, However the price must sustain above Rs. 170 in the...
weekly closed with good volumes and price increase. Long term target 250. stop loss 148.
Disclaimer. Only for educational purpose. Not a recommendation to buy/sell.
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...
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I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
After a long consolidation stock give clean & clear breakout with very good volume.
Big Bullish candle on chart
Price above All the DEMA
Macd Bullish
RSI Bullish
Good setup for long.
Disclaimer This is my personal view for education purpose only.
RAIN getting reddy for break out. sl will be green candle low. supported by volume and all the key moving average. which can be easily seen in chart. SL 156
it has gud potential upside target. follow strick sl& proper risk reward ratio. this is the only holy grail in the market.
#RAIN...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
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