RAIN industries Breakout
RAIN has given breakout on weekly chart,
Patterns:
Inverted H&S on Weekly
Cup Handle on Weekly
Fibonacci Retracement
on 21-Dec, it has given false neckline breakdown, however it reclaimed it with good volume.
it sustained above neckline after giving false breakdown of neckline.
it as given Cup& handle breakout on weekly with good volume
it has retrace 61.8% of fib retracement.
it has a potential target of 211.
horizontal consolidation breakout also seen.
At 21 weekly EMA, it has formed a hammer followed by strong bullish candle.
Patterns:
Inverted H&S on Weekly
Cup Handle on Weekly
Fibonacci Retracement
on 21-Dec, it has given false neckline breakdown, however it reclaimed it with good volume.
it sustained above neckline after giving false breakdown of neckline.
it as given Cup& handle breakout on weekly with good volume
it has retrace 61.8% of fib retracement.
it has a potential target of 211.
horizontal consolidation breakout also seen.
At 21 weekly EMA, it has formed a hammer followed by strong bullish candle.
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