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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 2024-04-05 View latest technical analysis

10 day averaged volume of Rain Industries is 3830453

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	171.15	172.35	173.40	169.30	0.639 times
04 Thu Apr 2024	172.55	172.00	175.15	170.55	0.947 times
03 Wed Apr 2024	170.80	168.50	172.50	167.00	0.889 times
02 Tue Apr 2024	168.85	164.70	169.80	162.55	1.396 times
01 Mon Apr 2024	163.55	152.00	164.40	152.00	1.461 times
28 Thu Mar 2024	150.70	153.80	155.20	150.00	1.063 times
27 Wed Mar 2024	152.60	156.00	157.45	151.60	1.327 times
26 Tue Mar 2024	156.15	159.90	160.95	155.00	0.792 times
22 Fri Mar 2024	160.00	158.60	161.45	158.25	0.721 times
21 Thu Mar 2024	158.65	159.00	160.85	157.60	0.682 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 171, but if it comes below 171, then a intra day sell could be more profitable.
If you take a sell trade below 171, then use 171 as stoploss and 163.13 as target. However if you take a buy trade in stock , then use 171 as stoploss and 180.4 as target.

Share price targets for Rain Industries (RAIN)

Target Type	Value
Downside Target	142.50
Downside Target	145.90
Downside Target	150.00
Downside Target	156.00
Downside Target	160.95
Upside Target	172.00
Upside Target	175.15
Upside Target	177.80
Upside Target	185.70
Upside Target	188.50
Upside Target	219.60

Intraday share price targets for Rain Industries (RAIN)

Target Type	Value
Downside Intraday Target	157.05
Downside Intraday Target	142.95
Upside Intraday Target	180.2
Upside Intraday Target	189.25
Downside Intraday Target	166.1

Weekly technical analysis of Rain Industries (RAIN)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	171.15	152.00	175.15	152.00	1.676 times
28 Thu Mar 2024	150.70	159.90	160.95	150.00	0.917 times
22 Fri Mar 2024	160.00	160.75	163.70	152.60	0.544 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Rain Industries (RAIN)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	171.15	152.00	175.15	152.00	0.304 times
28 Thu Mar 2024	150.70	185.00	185.70	150.00	0.248 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

Scroll below to view daily charts

Price has moved up 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 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.

Price action analysis of Rain Industries ( (RAIN) ) based on a short to mid 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.

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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Rain Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rain Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rain Industries in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 162.27 and Rain Industries (RAIN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.