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.
ノート
As discussed earlier, Rain has give breakout and almost 13% up from the given price.
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