Rain Industries
Hello folks, this is my first attempt at writing a post on Technical analysis in VP forum.
Experienced VPers please correct me if I’m interpreting anything wrongly. TIA 
Rain Industries seemed to have broken a 5-year bearish trendline on a weekly chart with decent volumes, along with a double bottom near the 200DMA level.
P/B is also at historically low levels ~0.6 reducing the downside risk.
Expecting it to reach 190-200 levels during first leg of rally based on previous swing highs.
Disc. Invested around 160 level
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