The short-term uptrend in Rain Industries has been gaining momentum. The inventory has begun the week on a robust word by surging 6 per cent on Monday. This rise has taken the inventory nicely above the important thing resistance degree of ₹180. The area between ₹181 and ₹179 will act as a robust help zone. Intermediate dips are prone to get contemporary patrons round this help zone. So, a fall beneath ₹179 seems much less possible in the meanwhile.
Rain Industries share worth can rise to ₹199-201 over the subsequent two-three weeks. Merchants can go lengthy now. Accumulate on dips at ₹182. Maintain the stop-loss at ₹177 initially. Path the stop-loss as much as ₹189 when the value strikes as much as ₹192. Transfer the stop-loss additional as much as ₹193 when the value touches ₹196. Exit the lengthy positions at ₹198.
(Observe: The suggestions are primarily based on technical evaluation. There may be threat of loss in buying and selling.)
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