NeeteshJain
Long

RPOWER - STARTING A NEW WAVE

BSE:RPOWER   RELIANCE POWER LTD
It is been observed that the price action is consolidating in a sideway correction and now, it has formed a bullish candlestick pattern indicating a bullish move ahead. It shall be a starting of another new wave or rally to upside.

Short Term:

Target: 44.50

Stoploss: 42.50

Mid-term:

Target: 50

Stoploss: 42

Regards
Trade active
Comment: The rally begins

Regards
Trade active
Trade closed: target reached: SHORT TERM: Target 1 reached successfully, Regards
Trade active
Trade active
Trade active: It went up 9% from initial levels and now reaching to the down trend resistance line. The wave worked well.



Thanks, and Regards
Good...Lets See
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