Rain Industries Limited(Cmp-Rs.244.80)
Rain Industries Limited (RAIN) is a leading vertically integrated producer of calcined petroleum coke, coal tar pitch, and other high-quality basic and specialty chemicals. Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents. The group continues to grow through capacity expansions and mergers and acquisitions across the world. RAIN operates in three key business verticals: carbon, chemicals, and cement.
This Stock shows strength for the last couple of days & able to Triangle Pattern breakout with good volume above Rs.240.If the Price is able to sustain above this level, the Short to medium-term target will be Rs 320 & for the long term Rs.500
Investors and traders may buy this stock following these important levels:
Cmp-Rs.244.80
Support-230-221-200
Resistance:258,272,300,408
Short-term traders may use Sl at Rs. 230
Happy investing for the Year 2022
