NeeteshJain
Short

Rpower Breaking Crucial Support

NSE:RPOWER   RELIANCE POWER
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
sir is the sl valid on closing basis??
+1 Reply
SaurabhSrivastava28 SaurabhSrivastava28
@SaurabhSrivastava28, i have entered the trade at 40.15
Reply
NeeteshJain SaurabhSrivastava28
@SaurabhSrivastava28, Yes, you're correct. Regards
Reply

thats not good for me :)
+1 Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out