manmohansolanki

Trap or Opportunity / Reliance Power

Long
NSE:RPOWER   RELIANCE POWER
"Wait for a Decisive Breakout"

Inverted Head and Shoulder / Large TF
Cup and Handel / Medium TF
Bullish Flag / Short TF

On the larger time frame, we have Head and Shoulder
On the medium time frame, we have Cup and Handel
On the shorter time frame, we have Bullish Flag
With Good volume activity


This trade is High Risk but has a good reward of up to 200%
Plane your trade accordingly (manage position sizing)

Have a nice trading day.

All the best and take care.

Comments

Sir just educate . As per your analysis buy this stock on break out . Well you are right . When it breaks out it will go with high price for a valid breakout . If some one buy at high price , it correct back on profit booking .
Loss to a person who buys at break out .It is a catch 22 situation for a trader .
Pl yours comments .
+2 Reply
manmohansolanki JagdishKumarPahuja
@JagdishKumarPahuja, it is advised to buy only after a breakout. So what you can do is Buy half the quantity at breakout and a half at retest. Why half at breakout because it might never retest. Jagdish, always manage your risk and position sizeing. This trade is highly risky. I generally not trade in this type of stock.
+1 Reply
JagdishKumarPahuja manmohansolanki
@manmohansolanki, surely you are right . Such share are not worth holding or trading
However for a quality share pattern is well explained . Thx
+1 Reply
manmohansolanki JagdishKumarPahuja
@JagdishKumarPahuja, Thank You So Much
Reply
I m been observing manmohansir ur calls and this reliance power call was tremandous πŸ‘ŒπŸ»πŸ‘ŒπŸ»πŸ‘ŒπŸ» in a month it got doubled😳 wat a master brain u got πŸ‘πŸ»
+1 Reply
@Mac7778, Thank You πŸ™πŸ˜‡
Reply
Hello bro.i am prashant from NAGPUR It Is good to buy at current price/leval ....or which price to buy / hold reliance power on today,s basic answer plz
Reply
manmohansolanki prashantkakde9687
@prashantkakde9687, i am still not convinced with the breakout, you can buy but with the strict stop loss and reduced position size
Reply
prashantkakde9687 manmohansolanki
@manmohansolanki,OK ... which breakout price on your analysis IF ANY YOU Suggest plz on this stock , because long time this stock trade as very low rate under 3.50/4.40/50/or5.00 price
Reply
prashantkakde9687 manmohansolanki
@manmohansolanki, THANK YOU
+1 Reply
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