Rpower: At 2 yr support level...if held could be very bullish !!
Updated
Rpower CMP 36.95
The stock is near its 2 year support or should I say near all time low levels...
In the current set up
- Momentum might come on sustaining above 38.5 - 40 levels
- for target of 46 / 58 initially and above that it could scale up to 85 odd levels in the longer term
- pattern gets invalidated if stock closes below 33 odd levels levels
- however would be skeptical if it closes below 34.60
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Some Key Fundamental parameters
Book Value: Rs 76.17 per share (Shares available at 50% discount to its Book Value)
EPS (Earnings Per Share): 3.55
PE RATIO : 10.35 (Comparing PE Ratio with Tata Power 24.22 and Nifty Price to Earning ratio 25.96, Rpower looks grossly under valued )
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Let me go by Disclaimer
- Key Fundamental parameters are not my own calculations but as per publicly available information on leading financial websites...
- Also understand there is lot more to Fundamental Analysis than Key parameters mentioned here
- the fact that Nifty is at all time highs and Rpower near all time lows also reflect that the fundamentals of the Company / Sector as a whole has been on a weaker side so far..Reasons could be debt problems / Government policies for Power sector etc to name a few...
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That being said our verdict is stock looks good from longer term perspective with better risk::reward ratio
Take care & happy investing...!!!
The stock is near its 2 year support or should I say near all time low levels...
In the current set up
- Momentum might come on sustaining above 38.5 - 40 levels
- for target of 46 / 58 initially and above that it could scale up to 85 odd levels in the longer term
- pattern gets invalidated if stock closes below 33 odd levels levels
- however would be skeptical if it closes below 34.60
____________________________________________
Some Key Fundamental parameters
Book Value: Rs 76.17 per share (Shares available at 50% discount to its Book Value)
EPS (Earnings Per Share): 3.55
PE RATIO : 10.35 (Comparing PE Ratio with Tata Power 24.22 and Nifty Price to Earning ratio 25.96, Rpower looks grossly under valued )
_____________________________________________
Let me go by Disclaimer
- Key Fundamental parameters are not my own calculations but as per publicly available information on leading financial websites...
- Also understand there is lot more to Fundamental Analysis than Key parameters mentioned here
- the fact that Nifty is at all time highs and Rpower near all time lows also reflect that the fundamentals of the Company / Sector as a whole has been on a weaker side so far..Reasons could be debt problems / Government policies for Power sector etc to name a few...
_____________________________________________
That being said our verdict is stock looks good from longer term perspective with better risk::reward ratio
Take care & happy investing...!!!
Trade active
Rpower has broken past the resistance zone of 38.50-40 odd levels...Next target 46 / 58
The stock needs to sustain above 38.50 going forward...
Take care & happy investing...!!!
Trade active
RpowerCMP 50.50
Charts were suggesting that once the stock crosses 38.50-40 zone we might see momentum returning in the stock...
Well that's exactly what we have seen
On 22 Dec Rpower went past the resistance zone
One week down the lane and today the stock has made a high of 51.55 so far
Consider booking partial profits...
Trail stop loss to 44 for balance
Happy trading and enjoy your weekend...!!!
Trade active
Rpower continuing its power run...Stock is up 25% so far today currently at 63+ levels...
Holding 58-62 zone opens up further upside
Continue to hold and trail stop loss to 52
Happy trading...!!!
Happy Happy New Year...!!!
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