sgor1980

RPower: On The Eve Of Q4 Earnings

NSE:RPOWER   RELIANCE POWER
38 4 3
Reliace Power has just reversed after touching the supply line drawn in the chart connecting the two highs of 61.25 and 56.45.

The stock of RPower             , before breaching out of the supply line and start new bull rally, is trying to test the patience of the investor who have been invested in the stock since the Initial Public offerings or of those who might have invested in the stock on the higher price after the listing of the stock on Indian bourses.

The stock may try to touch the upper resistance/supply line before it starts moving further down.
Stock has touched resistance today. Hope it crosses the line this time around!
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sgor1980 eyesice
@eyesice, I know it touched the resistance line to the point and i am hopeful that before it move further up may show further down, may be up to level of 42.
Reply
eyesice sgor1980
@sgor1980, ok sir
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sgor1980 eyesice
@eyesice, thanks dear and most welcome.
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