Rain Industries - 40% Return Possible in Short Term

2021년 5월 6일

Rain Industries

Lets Analyze the move one by one
Previous Move :
From Nov 2020 it repeating the same process (40% Upside and 20% Downside movement)., The chart explains everything

Current Situation :
It made a 40% upside move and undergoing a correction - Most possibly the levels 170(Minor) and 160(Major) will act as a Support., Also 0.5 lvl of Fibo is merging near 160 zone which gives additional confirmation for reversal

Future Move :
Once the price reverses, It will be a good candidate for Short term with 40% return
For Finding Target I used one of the method using Fibo extension (It shows 220 zone as Target, As well as if the price reverses from 160 zone, The 40% Target lies at 220 zone)
Final we can expect 220 from this Stock

Note :
Recently the stock posted extraordinary result., Aggressive traders can start accumulating this stock from 170 zone till 160 zone

Cheers and Take care..

2021년 7월 8일

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