The short-term outlook is bullish for Rain Industries. The stock has been in a strong uptrend since March. This upmove is happening inside a bull channel. The 5 per cent surge on Tuesday indicates that the upmove is gaining momentum. Support is in the ₹205- ₹200 range. Immediate resistance is at ₹238, which is likely to be breached. That, in turn, can take Rain Industries’ share price higher to ₹255, the upper end of the channel, in the coming weeks.

Traders can buy Rain Industries shares now at ₹223. Accumulate on dips at ₹212. Keep the stop-loss at ₹198 initially. Trail the stop-loss up to ₹226 as soon as the stock goes up to ₹232. Move the stop-loss higher to ₹237 and ₹244 when the price touches ₹241 and ₹249, respectively. Exit the stock at ₹255.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on July 22, 2026