RAIN trade ideas
#RAIN Downward Breakout- Decending Triangle : busted patterns Downward Breakout- Descending Triangle : busted patterns after the downward breakout reverses
All information is only for educational purpose.Please consult your adviser before it.
1. Firstly its very risky to trade on this stock since its has been falling very badly and running in downtrend
2. But deploying some money and taking tight stop-loss will likely to taste this water.
3. Hence deploy around 5% of capital with SL of last bull candle low is 90.
4. Seems its valid Decending Triangle patterns considering two or more support and two or more decending high.
5. Volume is decending.
6. Busted pattern after the downward reverse.
7. Predicated target by math is C-A = Ans then A-Ans = Target So 147-95 = 52 , 95-52 = 43 hence Target price would be 97(CMP) +43 = 140 (Hypo Target) is not expecting
8. My target will be around Point D resistance 120 is nothing but 20% around if all good then will keep trailing SL at 120 and see how much can collect.
9. STRICTLY DON'T Take trade with full money since I had a very bad experience with this stock where its has felt 16 % in a day and be causation with his lower circuit. So planning to put trade with strictly SL 90.
Info :
Upper Circuit Limit (Rs.)
116.20
Lower Circuit Limit (Rs.)
77.50
Rain Industries Ascending Triangle On the dailyCan be used to scalp and long/short on breakout either way after restest. SLs can be moved to nearest high or low after breakouts. Wait for shakeouts in either directions before making a decision. 10% moves in a either direction could be possible for shakeout and could last for a few weeks. This would lead to a very strong move in the opposite direction!
Rain has gone above last support support.If the support at 157 is held for a couple of days and up move resumes, in intermediate term 210 can be seen.
Rain Industries Rain Industries , Slowly making some noise . if it break out of 188 range can see a rise 20-30% . A review at levels of 230 needs to be done if it breakouts of INR 188
Rain is on supportI expect the support will be respected and the stock will touch 280 in medium term
RAIN IND-love distributions in great companies like this.! Disclaimer.. was waiting for the bull run to cool off, what a better way than a distribution to do the damage to the price acction,
now the fundamentals have made the market tensed, this is my kind of buy times, looking to accumulate in the lower 200s..
incase the broader market sentiments go lower, which is likely in the next 18 months or so, the yearly support test at 150s is also possible, a purely golden opportunity that will be
Not an investing/trading recommendation
RAINFundamantals are intact.Technically weak,350-410 levels has to be breached for the next decisive move either way.Personally feel a dip to 349 may occur before crossing the hurdle of 410 levels/zones for a swift move to 450/475/500
Rain will make it Rain Formation of a Descending Triangle and has hit support now at 300 to 306 and should move upwards with these targets
TP- 363-405-480-500-600
Stop loss 290
RAIN: watchout for leg#2After a ferocious move and a profit taking to 61% fib lvl, I am again looking for a long above todays high!
