Would add #RAIN today. Will keep on buying with SL of 125 MCB. It's a Monthly Closing Basis SL, so enter accordingly. My time horizon & target, both are big here...
Buy around 154 and on each downfall. Stock came down drastically from over 250 zone to below 150 zone mainly due to a Calciner Plant shut down at Visakhapatnam by the company and also due to the recent downfall of Ukraine Russia War. Anytime a trigger will come and this cou......read more
NOTE : I AM NOT SEBI REGISTERED . ITS ONLY MY PERSONAL VIEW AND ONLY FOR EDUCATION PURPOSE NOT FOR TRADE........AND ALL TRADES ARE FOR INTRADAY ONLY........
RAIN INDUSTRIES Trend Analysis for NSE:RAIN by Swastik86
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 …
TradingView
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 Golden FIB Zone.
I am not a SEBI registered Technical Analyst, I do it as a hobby.
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#RAIN on 🔥, shared on youtube channel day before yesterday. Don't miss to watch the channel for such breakout stocks. Subscribe, like n share with your friends
#NIFTYBANK 1st entry 35700PE 170+ points 💥💥2nd entry 35900CE 350+ points 💥💥💥JACKPOT 💥💥💥 3rd entry as new one same strike got 70+ points 💥 4th entry 36400CE hit sl of 45 points ,5th entry given as BTST......read more