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(RAIN) Rain Industries complete technical analysis [charts+indicators] | Buy/Sell Rain Industries | (RAIN) share price targets

Complete technical analysis of Rain Industries (RAIN) by charts plus indicators, forecast predictions and share price targets for Rain Industries (RAIN)

Rain Industries trades in NSE in Petrochemicals sector.

Showing technical analysis as on 2024-03-20 View latest technical analysis

10 day averaged volume of Rain Industries is 4091005

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	156.55	156.60	158.55	152.60	0.676 times
19 Tue Mar 2024	156.05	158.00	163.70	155.35	0.79 times
18 Mon Mar 2024	158.60	160.75	161.95	157.30	0.469 times
15 Fri Mar 2024	160.55	160.00	162.30	156.35	0.813 times
14 Thu Mar 2024	160.20	152.95	162.40	151.15	1.255 times
13 Wed Mar 2024	154.10	173.00	173.35	150.00	1.598 times
12 Tue Mar 2024	172.05	169.10	173.95	164.85	1.463 times
11 Mon Mar 2024	167.70	177.40	177.80	166.05	0.838 times
07 Thu Mar 2024	176.40	176.90	178.45	175.10	0.565 times
06 Wed Mar 2024	175.35	181.00	181.40	172.00	0.871 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 160.3, but if it comes above 160.3, then a intra day buy could be more profitable.
If you take a sell trade below 160.3, then use 160.3 as stoploss and 141.9 as target. However if you take a buy trade in stock , then use 160.3 as stoploss and 175.6 as target.

Share price targets for Rain Industries (RAIN)

Target Type	Value
Downside Target	140.25
Downside Target	145.90
Downside Target	150.00
Downside Target	156.00
Upside Target	163.70
Upside Target	172.00
Upside Target	175.60
Upside Target	185.70
Upside Target	188.50
Upside Target	194.70
Upside Target	197.85
Upside Target	219.60

Intraday share price targets for Rain Industries (RAIN)

Target Type	Value
Downside Intraday Target	151.53
Downside Intraday Target	146.52
Upside Intraday Target	162.63
Upside Intraday Target	168.72
Upside Intraday Target	157.62

Weekly technical analysis of Rain Industries (RAIN)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	156.55	160.75	163.70	152.60	0.324 times
15 Fri Mar 2024	160.55	177.40	177.80	150.00	1.701 times
07 Thu Mar 2024	176.40	183.00	185.70	172.00	0.299 times
02 Sat Mar 2024	182.85	186.55	194.70	175.60	0.62 times
23 Fri Feb 2024	206.30	203.50	219.60	197.85	1.009 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Rain Industries (RAIN)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	156.55	185.00	185.70	150.00	0.183 times
29 Thu Feb 2024	183.90	175.80	219.60	164.90	1.911 times
31 Wed Jan 2024	174.25	155.00	188.50	145.90	2.518 times
29 Fri Dec 2023	154.30	145.80	156.00	142.50	1.934 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Rain Industries (RAIN)

Price action analysis of Rain Industries ( (RAIN) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Rain Industries ( (RAIN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Rain Industries ( (RAIN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Rain Industries ( (RAIN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Rain Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Rain Industries in short term and the sell signal is strong.

Rain Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Rain Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Rain Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 163.41 and Rain Industries (RAIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Rain Industries (RAIN) stock. Volume based technical analysis of Rain Industries (RAIN) stock is negative.

Rain Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.