Rpower is showing positive divergence on daily chart. If it is a parallel channel, then stock should move up towards 8.30- 8.70 zone. Trader can buy at 5.60-5.80 with stop loss below 4.20 for target of 8.70. It it gives close above 9, then one can expect rally towards 13.
Note : We have buy position in RPower.
Note : We have buy position in RPower.
Trade active:
Counter made low 5.85 and our call didn't initiate. Now trading at 6.55. One can buy in dip at 6.40-6.25 with stop loss below 5.40 for target 8.70
Trade active:
Call got active at 6.40. CMP 7.10 . Hold position with trailing stop loss 5.80
Trade closed: target reached:
CMP 8.15 .. book full profit