RELIANCE POWER LTD.Short
Rpower Breaking Crucial Support
Updated
It is been observed on daily and weekly chart that the price action breaks and closes below 40 price levels which was acting as crucial support levels. Now, it shall further move down to the next support levels at around 35-33 levels with few weeks. Regards
Target: 35
Stoploss: 41
Risk Reward : 1:2
Target: 35
Stoploss: 41
Risk Reward : 1:2
Trade active
Trade active
Note
It may further go up as per today's close, RegardsIn such situation, either a person should hold shorts or buy a CE option to hedge. Just an educational tip. Regards
Trade closed: stop reached
Stops reached but still it will good to short it around 42-42.50 levels. Regards
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