Technical Breakout Buy of Rain Industries

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

TECHNICAL BUY OF THIS PHARMA PLAYER- Dishman Carbogen Amcis Ltd:

Dishman Carbogen Amcis Ltd is a fully integrated CRAMS player working with global pharmaceutical innovators, has a global presence with development and manufacturing facilities across Europe, India, and China. We provide end-to-end, integrated, high-value, niche CRAMS offering, right from process research and development to late-stage clinical and commercial manufacturing facilities along with the supply of Active Pharmaceutical Ingredients (API) to innovator pharmaceutical companies. In the weekly chart, this stock breaks out above Rs.213 forming an Inverted Head and Shoulder. Buy at CMP-237 with target-400 within one year maintaining the stop loss 200

RALLIS INDIA REVIEW FOR BUYING

RALLIS INDIA

After Recoomendtion on 9/01/2021 @Rs 302, Rallis India touched Rs.362.60.forming a recent top. Then undergoes correction confirming an uptrend channel. Now after bottoming out starts the upward journey for targeting Rs. 360. The double RED line at Rs. 270-300 is very strong support which was Resistance from the Year 2015. So above 360-365. A new upward journey will be started targeting 490.

In this weekly chart, RSI takes support from 40 levels. Macd stars converging for a bullish crossover.ADX(DMI) Bullish blue line(DI+) ready to go upside again after touch & kiss yellow line(DI-) which provides more confidence for rising up of price.