Swastik86

RAIN INDUSTRIES Trend Analysis

Long
NSE:RAIN   RAIN INDUSTRIES LTD
Technically 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!!

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