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CSB68
Nov 14, 2023 2:38 PM

Reliace Power-Likely Cup&Saucer Breakout Long

RELIANCE POWERNSE

Description

Reliance Power: Consolidated from 23 levels to 11.While forming the Cup pattern the fall in volume was not drastic whereas while forming the saucer pattern spurt in volume was visibe.
If it sustains above neckline breakout at 22-25 levels is not ruled out taking the stock to 30+ zone.
(for Educational Purpose only)

Trade closed: target reached

As predicted 30+ Target done
Comments
designergraphic559
Next target? @CSB68
CSB68
@designergraphic559, trail SL for a positional tgt of 40 followed by 50.DEMA crossover in monthly chart indicates momentum is left in the stock
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