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.
Catatan
As discussed earlier, Rain has give breakout and almost 13% up from the given price.
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!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.