RAIN NSE WTF Bearish Channel 3Y 4M BO Soon Positional
RAIN INDUSTRIES Analysis EARLY ENTRY
TRADE PLAN
ENTRY -176 25% Qty (refer linked Charts)
SL -159
TARGET --01-219 (25%), TGT02--272 (50% gain)
Hold For a Year or TGT 2
Chart Pattern :
STOCK peaked 3.5Y ago 272 ATH and then got into a bearish Channel and is Trading in Range for 3Y now. The Stock Gained 6%+ today with Good Volumes above 20VMA.
INDICATORS EMA :
The Price is Currently Trading just above 20EMA, and 20EM crossed above 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order 200 to 20 but indicating a Flat Trend on DTF/WTF.
FIBO E :
The Stock has Support at 23.6% FIBO Retracement Level, Price is currently trading near the 23.6% FIBO Retracement level. Add quantity Above 50% FIBO/R of 199 on DTF, with ChoCH at 176 on WTF is added impetus to the bullishness...
Volumes: There is a uptrend in Volume on the Monthly Charts consistently in the current trading Range confirming the Accumulation Phase.. A Gap up can is the offing soon...
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
TRADE PLAN
ENTRY -176 25% Qty (refer linked Charts)
SL -159
TARGET --01-219 (25%), TGT02--272 (50% gain)
Hold For a Year or TGT 2
Chart Pattern :
STOCK peaked 3.5Y ago 272 ATH and then got into a bearish Channel and is Trading in Range for 3Y now. The Stock Gained 6%+ today with Good Volumes above 20VMA.
INDICATORS EMA :
The Price is Currently Trading just above 20EMA, and 20EM crossed above 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order 200 to 20 but indicating a Flat Trend on DTF/WTF.
FIBO E :
The Stock has Support at 23.6% FIBO Retracement Level, Price is currently trading near the 23.6% FIBO Retracement level. Add quantity Above 50% FIBO/R of 199 on DTF, with ChoCH at 176 on WTF is added impetus to the bullishness...
Volumes: There is a uptrend in Volume on the Monthly Charts consistently in the current trading Range confirming the Accumulation Phase.. A Gap up can is the offing soon...
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.