Technical Research Report

Prepared by – Equity Research Desk

Email: research@indianmarketview.com

Phone No.: +91-120-4227767

Date: 12th April 2019

Research Desk –Indian Market View

Are you stuck in Rain Industries??
We know that so many Indian traders/Investors stuck in Rain Industries from upper levels. You
got buying recommendation in Rain Industries from different medium/channels like Twitter,
Telegram, Facebook and Unauthorized advisory firm and the stock falls more than 75% from
upper levels. We are shocked by knowing that Indian Investors are using a free source of
information to invest their hardcore money. It’s our humble request from our subscribers that
please read reports or take advice only from renowned broking firm or SEBI registered
Investment Advisers.

Fundamentally
Rain Industries incorporated in 1974 is a manufacturer of Cement, Calcined petroleum coke and
Power. Fundamentally, the stock has not performed well in the last three years also in last
quarter the company reported a net loss of 139cr (first time in 3 years) but when we compare it
with 10 years performance than its sales growth which is 21.68% and compounded profit stand
at 27.43%. ROCE of the company is 17.05% and ROE is 24.48% which is considered to be good as
per the return.

So, if we consider its overall performance, then fundamentally we may give a chance to hold
this stock for a dead cat bounce to exit with a minimum loss. We are advising Investors to hold
Rain Industries with the stop loss of 88.00 but we are not recommending any fresh buy in this
stock.

Chart Corner
Rain Industries has been trading within a range from last few trading sessions and now the stock
is approaching towards its resistance level of 117.00 which seems to be a breakout of the
symmetrical triangle pattern. Break and close above 117 may take it to 180 mark which is 23.6%
of retracement level from the upper side and then to 235 mark which is 38.2% of retracement
level. Positive crossover in MACD while the stock is trading above 21 and 51 exponential moving
average supports our holding view in this stock. An increase in the volume has also been noticed
which further increases the reliability of the uptrend. We will negate our hold view in it only
below 88 marks.

Research Desk –Indian Market View

 Chart Source :- Investing

So, investors and traders please note that we are not recommending this stock for buy however
we recommend holding this stock with mentioned stop loss.

Research Desk –Indian Market View

 Disclaimer

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Email: research@indianmarketview.com

CHANDNI Digitally signed by

CHANDNI KHANNA
Phone No.: +91-120-4227787

KHANNA Date: 2019.04.15

11:16:12 +05'30'
Indian Market View

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Research Desk –Indian Market View