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prateekchhajed.52

Channel break.

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RELIANCE POWER (NSE:RPOWER)  
prateekchhajed.52 Updated   
NSE:RPOWER   RELIANCE POWER
Chart Patterns Parallel Channel Support and Resistance
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chartpattern parallelchannel supportandresistance
Rpower can move higher if closes above 34.7, if it couldn't sustain it, it will retest 31.8.
Break of 31.8 level can take it to sub 27-28 levels. WATCHOUT.
P.S. Hammer on monthly is making me have a LONG side bias.
Comment:
Clean Breakout,tomorrow closing above 34.7 is crucial.
Good reversal structure on monthly too, can easily go to 40+
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