RAINBOW CHILDRENS MED LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
RAINBOW trade ideas
Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Rainbow Childrens Medicare LtdTARGET AND STOPLOSS IN CHART
FUNDAMENTALS
Market Cap
₹ 10,963 Cr.
Current Price
₹ 1,080
High / Low
₹ 1,185 / 642
Stock P/E
51.3
Book Value
₹ 104
Dividend Yield
0.28 %
ROCE
24.1 %
ROE
25.4 %
Face Value
₹ 10.0
Promoter holding
49.8 %
EPS last year
₹ 20.8
EPS latest quarter
₹ 4.04
Debt
₹ 570 Cr.
Pledged percentage
0.00 %
Net CF
₹ 5.43 Cr.
Price to Cash Flow
33.5
Free Cash Flow
₹ 186 Cr.
Debt to equity
0.54
OPM last year
34.0 %
OPM 5Year
30.2 %
Reserves
₹ 958 Cr.
Price to book value
10.3
Int Coverage
6.13
PEG Ratio
1.21
Price to Sales
8.96
Sales growth 3Years
17.7 %
Profit Var 3Yrs
56.2 %
Rainbow Childrens looking bullish for Target of 1075, 1110, 1190Rainbow Childrens looking bullish for Target of 1075, 1110, 1190.
My view-
Buy Between 1035-1045
for First target - 1075 (3%)
Strong trend line support between given range.
RSI in between buying zone.
This chart is for educational purpose.
Rainbow Children Medicare-Nice breakoutRainbow Children Medicare-Nice breakout.
Capital to be deployed- 20k
Investing Price -1005
Breakout Price -1001
Stoploss-870
Targets-1598
#rainbow #StockMarket #StockMarketindia #stockmarkets #StocksToBuy #stockmarketcrash #StockToWatch #StocksInFocus #stockmarketnews
Round Bottom Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
RAINBOW - Bullish ConsolidationNSE: RAINBOW is closing with a bullish consolidation candle on the verge of a breakout.
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 consolidating for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
IPO base breakout / Cup and handleMissed the base breakout. buying as the price retraces back and turns back up on upside, the way Mark Minervini buys pullback setups
Chart detailed out
Bought at 345 with 10% position size
Stop at day's low or previous day low
Publishing for my own reference. Not an investment/trading advice.
RainbowChildrenMedicalRainbow Medical is new. Good Numbers. Need to break 508.
Probably a IPO breakout stock.
Rainbow Children's Medicare has an operating revenue of Rs. 625.08 Cr. on a trailing 12-month basis.
An annual revenue growth of 50% is outstanding, Pre-tax margin of 19% is great, ROE of 22% is exceptional.
The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet