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.
