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indiamarketoutlook
Jan 19, 2018 9:39 AM

RPower: support zone & breakout retest confirmation {Bullish} Long

RELIANCE POWERNSE

Description

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





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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