Rain Industries - Potential reversal
A stock popular among a few marquee investors. Capex cycle has been complete. Now this company should become a cashcow.
Stock is rebounding off its 200EMA...could first hit resistance at 116 (200WEMA).
Post that 127 which has been a resistance multiple times.
If it manages to take 127 out it could lead to a huge breakout.
As guided by the management, the stock usually does its best once Aluminium prices go above $2000. One of the best indicators for the stock. So keep an eye on prices.
SL: Below 200EMA or todays low. (approx Rs.94)
Stock is rebounding off its 200EMA...could first hit resistance at 116 (200WEMA).
Post that 127 which has been a resistance multiple times.
If it manages to take 127 out it could lead to a huge breakout.
As guided by the management, the stock usually does its best once Aluminium prices go above $2000. One of the best indicators for the stock. So keep an eye on prices.
SL: Below 200EMA or todays low. (approx Rs.94)
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。