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ReNew Energy Global plcReNew Energy Global plcReNew Energy Global plc

ReNew Energy Global plc

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ReNew Energy Global plc (RNW) Scales India Clean EnergyReNew Energy Global plc (RNW) is a leading renewable energy company based in India, operating wind, solar, and hydro projects across the country. With one of the largest clean energy portfolios in Asia, ReNew supplies power to utilities and corporations while supporting India’s transition to sustainable energy. Growth is fueled by government clean energy initiatives, rising electricity demand, and corporate commitments to reduce carbon footprints. On the chart, a confirmation bar with rising volume signals bullish strength. The price has entered the momentum zone by breaking above the .236 Fibonacci level. A trailing stop can be set just below this level using the Fibonacci snap tool, allowing traders to lock in profits while keeping room for further upside.
NASDAQ:RNWLong
by traderspro_charts
RNW - A shot in the dark?Fundamentals aside, this stock appears to be bottoming out. If I'm wrong, that's fine. Stop losses are easy here, sideways action for now. BUT, 200 MA and 50 MA will cross soon, 100 MA also evening out. With fundamentals, revenues going up, good risk reward here with a tight stop loss. I will wait for more signs an uptrend is establishing before entering, it might be fun to have a sizeable position here, portfolio exposure to an Indian renewable energy company sounds pretty funny as well.
NASDAQ:RNWLong
by BrokeCollegeStudent
1
Rising wedge on RNW after unwarranted panic sell offA sell off occurred after an edit to the despac-ing prospectus was filed: www.sec.gov A couple funds liquidated all of their positions. I was too lazy to check the original filing to see what the data changed from. Worst case, they showed them keeping all of their holdings. Regardless, I figure the drop is unwarranted since I don't think the SP action would have changed significantly had the correct information appeared on the original prospectus.
NASDAQ:RNW
by ResistGamingFailed