RELIGARE is on the verge of crossing RSI 60 weekly and taking support on 60 RSI monthly. Recently, it broke the neckline of the CUP & HANDLE Pattern and has started climbing back up. If you look at the volume, it's increasing. It is in an upward trend since making a bottom in 2020. If the trend continues, we may see the target up to 500 levels (100%).
NSE:RELIGARE Rsi>50 Support- 216 Sl- 207 Target- 230/240/255+ Swing trade Crossing short term 10 by 20
Religare Enterprise Ltd. CMP – 230.15 Market Capitalization Rs 7,581.8Cr Red Flags:🟥 Declining cash from operations annual FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Previous Happy Candles Number – 62/100 New Happy Candles Number – 69/100 Fresh Entry/ averaging / compounding after...
Religare : Good one to buy for the target of 315.50 & 466.20 Cup and Handle formation and then Retracement completed Durations few Months
RELIGARE is in uptrend and retracement is done also it took support from the marked zone and I'm expecting new impulse wave. Target - 300
After a multi-year journey filled with challenges, the breakthrough has finally arrived. Like a masterpiece slowly taking shape, a classic cup pattern has emerged, signifying a major turning point. The journey's ups and downs are beautifully reflected in trading volumes, showcasing growing interest and enthusiasm. Throughout, a reliable trendline has provided...
this stock is at a good resistance level and we can ee it it breaking that level with good volumes buy after retest of this zone an put the stop below retest candel
A classic Cup & Handle pattern breakout in Religare Enterprise Ltd. weekly chart
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
Ascending Triangle Breakout - This stock about to break - Height of triangle can be taken as target SL- 160
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
NSE: RELIGARE is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 11% gain on...
The stock has formed cup and handle but the breakout is waited. Below 160 level the pattern will be violated and the stock might remain sideways.
Keep this script on the radar for future targets of 222 and 254. Let it retest first and will attempt to pierce upside. You can see a break out after 14 years from the falling trendline.
*Religare Enterprises* C&H Pattern: Yearly /Weekly Basis MultiYear Trendline/C&H: Price BreakOut Vol. Consolidation/Further BuiltUp *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot* Estab. in 1984, Diversified Fin. Services Co., Providing loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking. Has ~11 lakh...
CMP: 176 - 10 months long base breakout in September, 25% up since then - 5 points away from its 52-week High
Breakout at 133 Follow stop loss Target 20% 10% easily
Religare Buy CMP 145 Buy only Daily closing above 150 with stop loss 110 on Daily closing basis for Target of 200+