Buy above 199.4 Target 225 SL 175
The company has been a beneficiary of rising prices of Calcined Petroleum Coke (CPC) globally, which contributes to 31% of its total revenue. It is a raw material used for anodes in the Aluminium & Steel industry, which has shown a healthy revival in demand globally. Also, Rain Industries Ltd. derives 18% of its total revenue from Petrochemical derivatives such...
RAIN industries swing trade strategy
RAIN: formed ascending triangle of Elliott corrective wave . Is it read for breakout !?
👉Rain in performing well according to the reports. 👉It has formed the channel which can pe seen clearly and sincerely following it. 👉You can find an opportunity to buy once it confirms with the bullish candle. 👉It is effective for short and mid term. Volume✔️ Technicals ✔️ Finance ✔️ Overview ✔️ Fundamentals: * Company with high TTM EPS growth. * Growth in...
According to me Rain Industries is on breakout this month
Bull flag formation in Rain Ind. CMP 181 Targets 195-205 Stop loss 175 ( Strictly Place SL ) Volumes and Del. Percents are also good
Rain is showing a clear breakout and a U shape recovery curve. Buy at 185-187. SL 155 Target 1 - 230 Target 2 - 300 Target 3 - 400 Time frame 1-12 months
Its time to buy for swing trade buy near Rs 150 Target 158,170 SL 144
Rain Industries Quarterly results are out - almost within expectation yet lower than 2019 Q4 (If I am not mistaken) However, we are also seeing strong Gann Harmonics for 26th Feb 2021, and can lead to major upward movement till Rs. 190 (also part of Wave target) (with minor corrections or pull backs - advised to keep stop loss below Rs. 155 level) It saw...
Rain Industries Limited (RAIN) is one of the world's leading producers of calcined petroleum coke, coal tar pitch and other high-quality basic and specialty chemicals. The group continues to grow through capacity expansions, and mergers and acquisitions across the world. NSE:RAIN My entry is at 132 and target is of 199 (50%) with stop loss of 102 (22.5%)...