indiamarketoutlook
Long

RPower: support zone & breakout retest confirmation {Bullish}

NSE:RPOWER   RELIANCE POWER
RPower            
CMP 48.50

Last time, we were able to capture the stock movement right from 36.80 levels to 62 levels where we highlighted the zone of 58-62 being important

https://in.tradingview.com/chart/RPOWER/dddAHbiQ-Rpower-At-2-yr-support-level-if-held-could-be-very-bullish/


The stock has come down exactly from same levels...

At current levels the charts suggest the stock is back at important support levels & zone of 45-48 may act as strong support ...

Buying at current levels & on dips towards 45 can be considered

Target 82 / 108 levels

Take care & safe trading..!!!

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