RAIN trade ideas
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
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!
Rain IndustriesNSE:RAIN Good buy upto 112. Can consider for target of 124-130. Exit below close of 103
rain industries , sttanding over strong demand zonefollow the details on chart .
buy at 104-106, target 122
Rain Industries - Is it getting ready for second Burj KhalifaRain Inds - Loooks like a Possible Stage 2 of Stain Weinstein 30 WK Cup N Handle B/o. Let us see. References marked for break outs.
Disc. - I am posting chart for my own study purpose. Not registered with SEBI. Do your own research and consult SEBI registered advisor.
Rain Industries - Intraday / Swing Trade SetupRain Industries CMP – 99.20
Looking bullish . One can go for Intraday / Swing trade with the following entry, exit & targets
Buy range 99 - 100 / Stop Loss 94
Target 1 - 105
Target 2 - 108
Target 3 – 110 / 112.50
Note: This is my view and for educational purpose only
RAIN has in bullish Strong momentum in RAIN as per climate, this may touch 120+ as my previous analysis it will touch 114
RAIN broke the resistance level, Expecting upper movesRAIN in NSE has recently broken the resistance level of 84.50
Now, close above it
I will be opening the long positions tomorrow, at a good entry
Positional trade, Targets will be: 100, 114, 130
Double bottom formed in rainDouble bottom formed ,it broke the trend line and retest alone given .
target will be 82which touches the fib level and the resistance level
