Looks good for long term (1-2 Years time ) with Small Stoploss as per your comfort.
Anytime stock closed above above 175 or 186 then it will be bullish
Safe Entry above 217
Stoploss of 170
Final Target around 430
Targets to watch 196 then 217 then 240 then 264 to 289 then 315 then 342 then 370 then 400 then 430
Please do your due diligence before...
Most underperforming stock finally brokeout, a close above 208 will give more conviction. The scrip can easily reach 275 in ST and MT target will be ATH.
Forming a Triangle Pattern in Weekly timeframe.
Good for Short term.
Target Recent Swing high.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Buy Rain Ind. above 213.10
Target of 237-260-284-307-356-401-453
SL 137
Strategy : SBO + RSI > 60 + EMA above 20, 50, 200
Duration few weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Rain Industries, formerly known as Rain Commodities (RCL), incorporated in 1974 is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. The company is the largest producer of CPC with a production capacity of 2.49 nillion tonnes per annum (MTPA). Under cement, company has created brand namely Priya Cement. Presently the company...
Rain Industry. After 11 September'2023 No. of Trade increase above 50,000+.
Management trying to reduce debt.
Hurdle 165 if cross and close above 175-185 weekly close above 185 further rally will start ... CMP 150. SL 140 DCB
This chart is created on the request of one my follower.
The stock seems to be breaking out the correction.
All labels are marked on the chart.
Regards
Stock with huge upside forming base
Rain Industries CMP 179.85
Breaking triangular range on monthly charts
Leading producer of Calcined Petroleum Coke
Largest Coal tar distiller in the world
Huge upside pending for stock
Cyclic stock needs lots of patience
Accumulation zone 176-185, Above 200 we can witness the opening of a new range. Strong Fundamentals, from...
#RAIN
This is the 4th attempt that stock is making to break the diagonal resistance.
Should the stock clear resistance and sustain, I think it can give handsome returns in coming days/ months.
Stock has been in consolidation mode since more than a year.
Rain is going to give a quick short term gains as per the analysis.
The volumes are spikes and beautiful trend line breakout.
Note: Not a buying or selling recommendation
