Religare can rock; Are you holding this stock?Religare Enterprise Ltd. CMP – 230.15
Market Capitalization Rs 7,581.8Cr
Red Flags:🟥
Declining cash from operations annual
FIIs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
MFs are increasing stake
Improving annual net profit
Previous Happy Candles Number – 62/100
New Happy Candles Number – 69/100
Fresh Entry/ averaging / compounding after closing above 232
Targets: 244 and 258
Long term target: 267 and 280
Stop loss: Closing below 211
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