We all know what happens if you play with power- you won't need any enemy. From the previous post 5 months ago -H&S -Looks weak below 50- It was an awesome fall to 38 lows & we also enjoyed.
Post 38 lows in Nov2016- it has been little choppy upside till 47.15 & turned abruptly down looks like still something is pending as recent rise does not look good- whatever be the case -you should be careful not to trade with power if it fails to sustain above 44-45 zone & falls below 43.20.
Why 43.20?
It is the polarity level acted as resistance 2 times & same point acted as support 3rd time to give a push upside till 47.15 so one needs to be careful below 43.20 support -going below shall be a problem.
Trading Strategy
If Power fails to sustain above 44-45 & falls below 43.20 which will trigger downside for a couple of points in 41-42 zone & possibly turns upside for another choppy & tough trade- so this stock can give tough time to traders.
You would love to read the previous update
Rpower- Explosive 50-38 Downfall- Target Achieved
Post 38 lows in Nov2016- it has been little choppy upside till 47.15 & turned abruptly down looks like still something is pending as recent rise does not look good- whatever be the case -you should be careful not to trade with power if it fails to sustain above 44-45 zone & falls below 43.20.
Why 43.20?
It is the polarity level acted as resistance 2 times & same point acted as support 3rd time to give a push upside till 47.15 so one needs to be careful below 43.20 support -going below shall be a problem.
Trading Strategy
If Power fails to sustain above 44-45 & falls below 43.20 which will trigger downside for a couple of points in 41-42 zone & possibly turns upside for another choppy & tough trade- so this stock can give tough time to traders.
You would love to read the previous update
Rpower- Explosive 50-38 Downfall- Target Achieved
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)