Rpower Breaking Crucial Support

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

Trade active

Trade active

Comment:

It may further go up as per today's close, Regards

In 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