BEGINNER LEVEL ANALYSIS :
1. The price seems to breakout on huge volume and drawdown to breakout level, then go up to next high .---this pattern observed in 3 instances in past
2. China import of Aluminum has increased in recent months due to environment policy changes , this led to increase in premium on Aluminium ,Rain is aluminium based stock so positive moves expected.
im buying b/w 210-215 levels , potential for 300 by october.
1. The price seems to breakout on huge volume and drawdown to breakout level, then go up to next high .---this pattern observed in 3 instances in past
2. China import of Aluminum has increased in recent months due to environment policy changes , this led to increase in premium on Aluminium ,Rain is aluminium based stock so positive moves expected.
im buying b/w 210-215 levels , potential for 300 by october.