Rain Industries (Long Term Strategy)
Updated
Hi Everyone,
Here is an update on Rain Industries which is looking like a very good technical setup. Please see below key points from the Technical set up
1. The current trend noted is the Ascending Triangle
2. In Ascending Triangle, prices eventually break through the old highs and are propelled even higher as new buying comes in
3. You may already notice that OBV is intact, which reflects no selling pressure from any big people
4. Price fall is merely correcting to the market and general consolidation
5. OBV looking very strong
6. Currently on Squeeze mode, once the squeeze is released we may see new highs.
7. The more the price falls, the better the price rises
Here is the strategy for investors:
1. Buy on the dips is the best strategy until the US election results are announced.
2. This stock looks promising and should go for long term for a minimum of 6-8 months with a minimum target of 120-135
Please like, comment, follow for more updates if you like my analysis :)
Disclaimer: This is only for educational view and not financial advice
Thanks!
Here is an update on Rain Industries which is looking like a very good technical setup. Please see below key points from the Technical set up
1. The current trend noted is the Ascending Triangle
2. In Ascending Triangle, prices eventually break through the old highs and are propelled even higher as new buying comes in
3. You may already notice that OBV is intact, which reflects no selling pressure from any big people
4. Price fall is merely correcting to the market and general consolidation
5. OBV looking very strong
6. Currently on Squeeze mode, once the squeeze is released we may see new highs.
7. The more the price falls, the better the price rises
Here is the strategy for investors:
1. Buy on the dips is the best strategy until the US election results are announced.
2. This stock looks promising and should go for long term for a minimum of 6-8 months with a minimum target of 120-135
Please like, comment, follow for more updates if you like my analysis :)
Disclaimer: This is only for educational view and not financial advice
Thanks!
Trade closed: target reached
We have reached Target !!
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