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vikasbhekare
Sep 8, 2023 5:41 PM

RAIN LONG position Long

RAIN INDUSTRIES LTDNSE

Description

RAIN 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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