Rain Industries is getting exhausted. Final move is here! pour NSE:RAIN par Vikas_Narayana

trendanalysis chartpattern waveanalysis rain rainindustries

RAIN shows RSI divergence hence the momentum is slowing down each day.
It is getting exhausted and will be fighting for new highs as much as it can around the Price Reversal Box drawn in the chart Rs190-200. This acts as resistance and might not break it in one go.
Slowing and reversing from those price levels will give a corrective pattern.

Kindly take each idea as education purpose only. No trading advice whatsoever.

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