RELIGARE LONG IDEARELIGARE stock looks setting up nicely as shown in chart.
It's results are around May30, so its better to size positions by considering results in mind.
For now its just a swing trade as there is Monthly Trendline Resistance ahead.
Check the MONTHLY chart analysis also in my page for Long Term View.
RELIGARE
RELIGARE - Bullish Spinning Top with VolumesNSE: RELIGARE is closing with a bullish spinning top 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 15% to 23% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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RELIGARE - Long Setup, Move is ON..NSE:RELIGARE
✅ #RELIGARE gave a breakout entry at 153.45 when it broke out from a channel after consolidation (as shown in chart)
✅ It is now trading above Resistance of 254
✅ Next Resistance is at 298
Previous charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long Setup C&H Pattern in Religare, Confluence with Price ActionHello Everyone, Hope you all are doing Fine . Today we are going to talk About Religare buy opportunity. I will Explain Everything Each minor Details why I would go LONG in This Stock.
As you can Already see in the Chart . Price is Already above 200 SMA , Which means Price is in Uptrend in Daily and Weekly time Frame.
Major Resistance Level ( SupplyZone) is 190 to 194 Level. Previously Price reached to that Level and Correct itself and Reverse it from there.
Now the Scenario is Different Price again reached to that Level But this time With Good Volume and Cover Almost Last 3-4 session candle .
Cup & Handle Pattern Spotted as well . Which gives us more Confirmation to go long in this Stock.
Entry = 190
SL = 160
TGT = 260
Please do your Research Before Get into buying . This is my Style of Trading and I am sharing this to you because this Trading Style Suits me .
If you Have any Question Regarding this IDEA. Feel Free to comment down Below .
HAPPY TRADING !!
Disclaimer-: View is just for Educational purpose only.
Consult your financial advisor before taking any financial Decision.
Religare Enterprises LimitedRELIGARE:- The stock has made cup and handle on the monthly chart and is going to give a breakout soon.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RELIGARE - Long Setup, Move is ON..NSE:RELIGARE
✅ #RELIGARE gave a breakout entry at 153.45 when it broke out from a channel after consolidation (as shown in chart)
✅ It is now trading above Resistance of 187
✅ Next Resistance is at 216
Here is the previous chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
RELIGARE - Ichimoku Bullish Breakout Stock Name - Religare Enterprises Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 186.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
RELIGARE - Strong Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
#ICEMAKE 81.40 #Target 96(15%+) #stocks #banknifty #itc #HLVLTD#ICEMAKE
NSE: ICEMAKE
CMP 81.40
Target 1: 88
Target 2: 96
SL 74
RR Ratio > 2
Time Frame < 45D
Factors:
Inverted Head and Shoulder Pattern
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Religare is about to break its long term support/resistanceThere was a rounding bottom pattern in Religare and it was bullish because of it. Now it will probably consolidate between this new support region and a historically important price range. (104-117 region). Afterwards, it can break this range and go up at least till 175-180 region.
See the screenshot below, analyse on your own and let me know your thoughts.