RAIN trade ideas
#RAIN - Attempting a clear breakout - Looks great#RAIN
This is the 4th attempt that stock is making to break the diagonal resistance.
Should the stock clear resistance and sustain, I think it can give handsome returns in coming days/ months.
Stock has been in consolidation mode since more than a year.
RAIN INDUSTRIES One of my favourite stocks.
Clear breakout of resistance and trendline on monthly timeframe with huge volume. Strong chances of reversal from CMP.
Rain - It should start raining from here (Longs)Rain is going to give a quick short term gains as per the analysis.
The volumes are spikes and beautiful trend line breakout.
Note: Not a buying or selling recommendation
RAINRAIN
All targets mentioned
***I am not SEBI Registered. All my charts and analyses are only for educational purposes not for trading purposes
will rain industries make it rain some cashstage 2 uptrend vcp break out with volume spurt looks solid
Rain Industries Trendline BreakoutRain 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.
RAINNSE:RAIN
Breakout with good Volume
Rsi > 70
Moving Avg- Buy
Short term cross over
Support/Retest- 157
Can buy on deep
Sl- 150
Target- 170/182+
Rain Industries Best Risk Reward IdeaAs 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 analysis, only to learn stock market behavior. Kindly do your own analysis/research to take any trade. Thanks.
Rain industries long term view- in weekly 1 cycle complete as per wave and its begin the second new wave its long term tgt is 700/- in 3rd wave
Analysis of RAIN1. 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 the RSI is signaling that selling pressure is exhausted. If the Relative Strength Index (RSI) has been in oversold territory or is showing signs of a bullish reversal, it could suggest that the stock might be poised for an upward movement.
Proposed Trade Strategy:
Entry: Consider initiating a long position at the current market price (CMP) of 148. This entry is based on the supportive indicators from the rising trendline, horizontal support, and the RSI exhaustion of selling pressure.
Stop Loss (SL): To manage risk, a stop loss at 130 might be placed. This level is selected to account for potential price fluctuations while limiting potential losses.
Target: Aim for a target price of 182. This target aligns with the bullish indication provided by the support levels and RSI signals. It represents a potential upward movement in the stock's price.
Conclusion:
The technical analysis suggests a bullish sentiment for RAIN based on the candle finding support at both the rising trendline and horizontal support, as well as the RSI indicating the exhaustion of selling pressure.
Please note that trading in the stock market involves risks, and no analysis can guarantee specific outcomes. Market conditions change, and it's advisable to use sound risk management practices, conduct your own analysis, and, if possible, consult with a financial advisor before making any investment decisions.
Rain Ind - A Patience PlayThere 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 handle pattern and more accurate on the monthly chart. There is also being a trendline resistance from its ATH and it is tested about 4 times now and feels it could be broken.
Now how to buy it- I am adding this stocks in parts - added few at 166.50 and if there is a further fall I will add more.
People can afford to keep the stop loss below 145 which is the previous support levels
Again it is a patience play so I am giving the long term target of around 250 and people can certainly book their profit as per their requirement. I myself could be booking it or trading it but better to hold it for good gains.
There is also 200 MA and 50 MA support on the weekly chart around the levels of 145-165
Trade according to your risk and understand it has a huge debt for which this stock doesn't move much
RAIN Possible Breakout above 190.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 upcoming days. If price manages to close below 170 the setup becomes invalid.
Buying is recommended at current market price and dips till 170.
Please give a boost and comment if you find the analysis helpful and consider following for more. Any Request, suggestions or advice are warmly welcomed.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
Rain industriesweekly 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 LONG positionRAIN 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.
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JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
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.
RAIN INDUSTRIES LTDAfter 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.
RAINRAIN 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.
