Rain Industries Stock Update
Finally I can see some movement in Rain Industries. There are thousands of people who are stuck in this stock and they can rejoice now. A full detailed video on this stock will be uploaded on the YouTube Channel but as of now let us discuss this chart that is showing signs of strength.
Rain Industries has closed above Rs.127 but in my opinion a decisive close above Rs.150 is required before entering into this stock. There are other things that adding up and will be discussed in the video. Tracking companies like Rain Industries on Charts is very very important as these are cyclical businesses.
Rain Industries Limited (RIL) is engaged in the business of manufacture and sale of carbon products, chemicals and cement.
The Company operates through three segments: Carbon Products, Chemicals and Cement. The Carbon Products segment consists of Calcined Petroleum Coke (CPC), Green Petroleum Coke (GPC), Coal Tar Pitch (CTP), Co-generated Energy and other derivatives of Coal Tar distillation. The Chemicals segment includes the downstream operations of Coal Tar distillation and consists of Resins, Modifiers, Super Plasticizers and other specialty products. The Cement segment includes the manufacture and sale of Cement. The Company markets cement under the Priya Cement segment.
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