Rain Industries Set for a Bullish Breakout
Ready to Skyrocket with a Circuit-Limit Rally
Technical Overview
Current Market Price (CMP): ₹167.46
Support Levels: ₹165.43, ₹163.48
Resistance Levels: ₹168.74, ₹211.23
The stock is currently hovering just above its crucial support levels at ₹165.43 and ₹163.48. These levels have been tested multiple times, reinforcing their strength. A sustained move would confirm the breakout and could lead to a sharp upward move.
Rain Industries Ltd. is showing all the signs of being ready for a bullish breakout. The stock's technical setup, supported by strong moving averages, momentum indicators, and volume patterns, points to a potential sharp rally.
Technical Overview
Current Market Price (CMP): ₹167.46
Support Levels: ₹165.43, ₹163.48
Resistance Levels: ₹168.74, ₹211.23
The stock is currently hovering just above its crucial support levels at ₹165.43 and ₹163.48. These levels have been tested multiple times, reinforcing their strength. A sustained move would confirm the breakout and could lead to a sharp upward move.
Rain Industries Ltd. is showing all the signs of being ready for a bullish breakout. The stock's technical setup, supported by strong moving averages, momentum indicators, and volume patterns, points to a potential sharp rally.
ملاحظة
As discussed earlier, Rain has give breakout and almost 13% up from the given price.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Passionate Hustler. Lifetime learner. I dive into everything with full energy and never get bored—always exploring, always evolving. Join me on my journey as I hustle through life, learn new things, and share insights that inspire!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.