#RAIN Downward Breakout- Decending Triangle : busted patterns

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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 .)
Lower Circuit Limit ( Rs .)
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