TWO CUPS ARE TOO MANY IN RAIN INDUSTRIES

2021년 7월 7일

Rain Industries formed a Cup with the resistances at 224-234 range and a bigger cup with the resistances at 390-403 range. It was also moving in a Parallel Channel from November 2020 and it has smartly broken out with good volumes. I have off loaded a part of my holdings at 220 and the rest I would be looking for 400 as my final target.

It has to break the resistance at 224-234 range to resume its journey upwards.

I entered at 153.