- Technical Analysis:
- Reversed from the support zone.
- Near immediate resistance, expected to break easily.
- Potential for good momentum above 1200.
Trade Strategy:
- Entry: Consider buying on the breakout above the immediate resistance.
- Stop Loss: Below the recent support level.
- Target: Based on momentum and further resistance levels.
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Rainbow Childrens Medicare Ltd
Target: RS 1500
CMP: RS 1429.20
ENTRY RANGE: 1414-1444
STOP LOSS: RS 1272
Disclaimer: I am not Sebi Registered.
Stock is trading on support!
Charts are the self explanatory. Please go through the charts for getting Target and Stop Loss
Points to note:
1. Trade duration - min 60 days
2. Stop Loss - Mandatory
3. Trail Stop Loss time to time
One can use 50 SMA for trailing SL and ride the trend.
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“My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering.”
- Nicholas Darvas
Rainbow: Showing good setup for upward movement
Strong Horizontal resistance breakout
Perfect Retracement and Reversal
Enter above 901, T1 = 925 & T2 = 945
SL 877
Time Frame 2-3 wks
Note: Im not SEBI Registered. Contact you financial advisor before taking any trades.
Ideas shared here are for educational purpose.
Trading at an all-time high now. It has the best financial matrix among its peers (Maybe 2nd best to Max Health Care).
But Long term structural story is intact. Let's see this to mooon..!! :D
Stock Name - Rainbow Childrens Medicare Ltd
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 688
#This is not Buy and Sell recommendation to any one. This is for...
Stock Name - Rainbow Childrens Medicare Ltd
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 655
#This is not Buy and Sell recommendation to any one. This is for...
Chart -> Rainbow Children Daily
The stock broke out above its listing day candle today, with a volume pop-up. Looks so ready to test new highs!
CMP: 533
Good around: 500
Targets: 585, 625
SL: 475 on a closing basis
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your...
Stock Name - Rainbow Childrens Medicare Ltd
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 536
#This is not Buy and Sell recommendation to any one. This is for...
