Religare, VIP Industries, DMart: Trading strategies for stocks in news

Technical charts show that Religare and VIP can potentially rally up to 30% from here, while DMart stock can slip another 7%. These are the key levels to watch out for on these 3 stocks.

Shares of Religare Enterprises, VIP Industries and Avenue Supermarts (the company that owns and operates DMart) tumbled up to 6 per cent in intra-day trade on Monday as the stocks reacted to respective news flow.  Religare Enterprises slipped nearly 4 per cent to a low of ₹260.40 on the NSE amid reports that the company secured up to ₹1,500 crore funding from a group of marquee investors, including the promoter group - Burmans. The capital will be raised via preferential allotment of warrants at ₹235 per share.  That apart, InGovern Research Services has flagged concerns over