RAIN trade ideas
rainThe 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 as Benzene, toluene, and xylene, which are critical inputs for several chemicals-based substances. Applications of toluene and xylene include use as solvents for inks and paints. With the recent commodity upcycle, these intermediates have been enabled better realization for the company.
RAIN is ready for breakout !??RAIN: formed ascending triangle of Elliott corrective wave . Is it read for breakout !?
RAIN INDUSTRIES👉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 quarterly Net Profit with increasing
Profit Margin (YoY).
* Increasing Revenue every quarter for the past
three quarters.
* Company able to generate Net Cash.
* Book value per share increasing for past 2
years.
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Happy Trading 😊💪
Note:Patience is a key to success.
Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.
Buy and Hold for 195-205Bull flag formation in Rain Ind.
CMP 181
Targets 195-205
Stop loss 175 ( Strictly Place SL )
Volumes and Del. Percents are also good
Go Long on RainRain 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
Rain Ind moving in a beautiful patternIts time to buy for swing trade
buy near Rs 150
Target 158,170
SL 144
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++
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
How you crack the breakout?Breakout is the good opportunity to make good money. for BTST this is the good technique to catch the breakout
Inverted Head and should One more example of Inverted head and shoulders pattern which is change in the trend . Neckline is already broken and one can pick this stock and keep stop loss below neckline
