RELIANCE POWER LTD.
Long
Updated

RPOWER ready for a turnaround?

1288
The company is reducing debt.
Financials are improving.
FIIs have increased stake.
Momentum looks good with the stock hitting UC in the last couple of sessions. Head and shoulder pattern on weekly chart looks good, with support on 21 levels

Entry - at CMP
SL - 20
Target - 34/52
Trade closed: target reached
1st target achieved, exiting position, may re enter if momentum resumes

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