RAIN INDS - History & Patterns Repeat

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The stock is riding the Parallel Channel.

It has been repeating the cup breakout pattern and climbing up.

While it about to repeat itself again, it is also breaking out of a Flag pattern.

١٢ يونيو ٢٠٢١

ملاحظة

Be a little cautious here. 175 is a strong support . Inside bar pattern can be seen. Above 193 it can zoom. however below 178.25 can take it down further below 175 in case of which the stock gets weaker. Keep a strict stop loss.

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تم فتح الصفقة

Yesterday was a shakeout candle eliminating weak hands. Kissed support and immediately rose back. Today show of strength.