SWING IDEA - RAIN INDUSTRIES

Rain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing.

Reasons are listed below :

Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement.
The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in sentiment and setting the stage for a positive trend reversal.
A bullish marubozu candle on the daily chart further strengthens the bullish case, indicating strong buying interest and potential momentum in the short term.
The stock is bouncing back from the golden Fibonacci zone, adding a technical aspect to the trade setup and reinforcing the probability of a favorable price movement.
The uptick in trading volumes is a positive indicator, suggesting growing market interest and participation in Rain Industries.
Despite highs shifting down, the absence of new lows is a noteworthy observation, hinting at a potential reversal and the resilience of the stock in the face of downward pressure.

Target - 184 // 206 // 253
StopLoss - weekly close below 145

Trading ditutup: target tercapai

1st target done - (+12.23%) ,stock made a high of 14.7% from our buying price.

Trading ditutup: target tercapai

2nd target done +25% & made a high of 32%

Catatan

Those who are holding can still hold for further targets.

Catatan

further upside will be triggered once price closes above 184

Visionary_Growth_Insights

Pernyataan Penyangkalan

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