It will rain money in this counter
Rain Industries CMP 184.74 Investors
Fibs- the retracement to 50% is strength.
Pattern- the v shaped recovery is a directional buy signal. Hence this dip is an opportunity.
Trendline- break of the trendline is a sign of change in trend.
RSI - taking support above the bull zone of 40 and now ready to break the falling trendline is again very positive.
Composite- taking support above its averages is again very positive.
MA- the conjunction of the three MA's is indicating stock is ready to explode.
Volume- thats accumulation.
Conclusion - buy and hold this counter. For the starters the high is ur tgt.
Fibs- the retracement to 50% is strength.
Pattern- the v shaped recovery is a directional buy signal. Hence this dip is an opportunity.
Trendline- break of the trendline is a sign of change in trend.
RSI - taking support above the bull zone of 40 and now ready to break the falling trendline is again very positive.
Composite- taking support above its averages is again very positive.
MA- the conjunction of the three MA's is indicating stock is ready to explode.
Volume- thats accumulation.
Conclusion - buy and hold this counter. For the starters the high is ur tgt.
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