Vijayaraghavan
Long

Reliance power short term and mid term view from weekly chart

NSE:RPOWER   RELIANCE POWER
Macd line crossover, stochastic turns from oversold region in weekly chart then Macd line crossover in daily chart . These indicators will help to breakout the triangle pattern . Can buy at CMP for the first target range(47-50). If closes above 49.5, it may reach the second target range of (60-63).

Target: 47-50

Stoploss: 38.60 on closing basis.

Vijayaraghavan,
INDITRADE,Kovilpatti.


Trade closed: stop reached
Sir i am holding r power 3000@63 what is your suggestion?
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@paresh1c, Are u a trader or investor?
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