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TrendlineInvestor

Religare - reversed perfectly from trendline support

Long
RELIGARE ENTERPRIS (NSE:RELIGARE)  
TrendlineInvestor  
NSE:RELIGARE   RELIGARE ENTERPRIS
Trend Analysis Support and Resistance Trend Lines
0
0
trendanalysis supportandresistance trendline
#RELIGARE Low risk setup

-> Price has retested trendline support
-> Sideways consolidation for the last 10 weeks
-> Good volumes in the last 2 weeks
-> Lower wicks observed in weekly candles indicating demand
-> CCI crossing 100 on daily after 4 months

Stop - 210 or 6.25%
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