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Rainindustries

RAIN INDUSTRIES Trend AnalysisTechnically highly bearish as RSI dropped below 50 level with declining volume. Price broke out of a symmetrical triangle pattern, retested and now heading lower towards buying zone highlighted. Buying zone lies in confluence with KEY SUPPORT level and FIB Golden Zone Accumulate around 135-150 levels for a good positional target around its ATH 440-460 levels (220% ROI long term) You may consider keeping stop loss @ 125 (optional) Potential risk reward ratio 1:10 As I say always do your own research before trading or investing. Peace!!
NSE:RAINLong
by Swastik24
Rain Industries - 26th Feb Outlook - Target Rs. 190 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 high of Rs. 174 in anticipation of good Q4 result, followed by pull back and booking of profits. However, this stock looks good overall even on weekly and monthly charts. Target Rs. 190++
NSE:RAINLong
by Falcon_Trader_1
Rain Industries long position with target of 199 in 126 daysRain 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%) While reading chart I noticed Stock is very Volatile and gives jump of 10% every week up or down. My recommendation would be to book profit when Big Day candle is made and re-entry after securing SL It has to sustain above 149 to make upto Target. Target of 199 can be seen in 126days as shown in chart with reference of 26Nov time frame. Volume is also rising slowly after big fall on 14May2018. MacD(12,26,9) shows downside but it's reversing from last 2 days gain. Keeping an eye Price of 300 is very difficult as per current plotting on chart considering volatility. Positive flags: Strong Performers - High DVM Stocks 1472.85% returns
NSE:RAINLong
by jaikanoja
6
Rain IndustriesAn Inverted HNS on display. Awaiting a Breakout. Above 129 , very likely the price would start trending upwards and Above 150, the pace would most probably pick up. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:RAINLong
by CannySunny
18
RAIN INDUSTRIES - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns. The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade logic with SL and Target is explained in image itself. Entry can be made on first sign of reversal from the retest-level Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and money management. Do your own study before taking any trade Feel free to comment for any queries & suggestion
NSE:RAINLong
by AdityaKarn90
Rain Industries (Long Term Strategy)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!
NSE:RAINLong
by skiranp