RELIGARE:- The stock has made cup and handle on the monthly chart and is going to give a breakout soon.
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rest details mentioned in the chart.
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RELIGARE ENTERPRISES monthly downtrend channel breakout. Weekly cup with handle breakout possible. If open above 186 and sustain in day and weekly it will reach the shortterm target 204 and long term 274
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...
religare ent ....
1 - forming rounding bottom / weekly cup&handle
2 - good volume daily time frame
3 - small time frame price forming HL
4 - price trading above 100 and 200 ma good for
swing trader
5 - price forming higher high formation
buy above day high for short term
t1 @ 194
t2 @ 204
t3 @ 221
Sl @ 173
The stock is on the verge of a breakout of a cup and handle pattern. Once can expect an excellent move with a target of upto 340 on short term basis.
Please let me know what do you think in the comments section below.
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...
one year accumlation seems to be about to complete.emergence vol in past few days sign of demand presence .
ultra high vol and then sustain aboove avg vol signifies entry in stage 2.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
The 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...
The stock has given a falling wedge breakout with a strong closing. Buy above 144.3 level for positional 4-5% more upmove.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing...
Stock Name - Religare Enterprises. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP.
And More strenght will be visible above 146. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to...
Chart of Religare enterprises is showing strength in current bearish market.Price is near high volume zone, if it crosses 140 level there may be chance that it can touch to its next resistance of 170 -175 level.
"Post is an educational View".
This scrip was posted on May 22 and so far it give 16% returns in just one week... So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
