The short-term outlook is bullish for Rain Industries. The stock has surged over 7 per cent on Wednesday. This rise has taken the share price well above a key resistance level of ₹230. It also marks the end of the consolidation that was in place since August. Moving average indicators are also giving positive signal. The region between ₹230 and ₹225 will now act as a good support and limit the downside. Rain Industries share price can rise to ₹270 from here.

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Traders can buy Rain Industries now at ₹237. Accumulate on dips at ₹232. Keep the stop-loss at ₹218 initially. Trail the stop-loss up to ₹242 as soon as the stock goes up to ₹249. Revise the stop-loss higher to ₹252 and ₹258 when the price touches ₹257 and ₹264 respectively. Exit the long positions at ₹268.

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

Published on October 15, 2026