Overview:
Reliance Power Limited (RPOWER) has recently exhibited significant price action, forming a cup and handle chart pattern, which typically signifies a substantial bullish trend. Coupled with strong volume and positive indicators across multiple timeframes, the stock presents a compelling opportunity for investors.
Cup and Handle Pattern:
The cup and...
Greetings Folks,
today I have prepared a setup of RPOWER on NSE
the analysis is as follows-
- The price is on a good bullish trend
- its retracing right now for another bullish leg, let the price settle on the support zone, then you can initiate the trade
- be alert about the volume when it approaches the support zone, it should be big buying candles for...
Greetings Folks,
today i have prepared a setup of RPOWER on NSE
the analysis is as follows-
- the price is looking to break the static resistance anytime now
- however i still would prefer the price first to breakout and retest rather than an aggressive entry, it can also breakout down side too
- if the price goes down, leave the setup
don't play with fire, always...
BUY - RELIANCE POWER.
CMP - Rs. 12
Target - 1: Rs. 20
Target - 2: Rs. 25
Target - 3: Rs. 60
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Technicals -
1) Cup and Handle Pattern.
2) Bullish Flag BO
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Follow me for more!
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This is a view by an expert analyst, please trade at your own risk.
After the first impulse move the corrective wave of ABC corrected to 0.618 levels and had given a good reversal candle in the weekly chart. Next week should get the confirmation of the reversal.
if the correction is over then its going to be the start of the 3rd wave, the sweet spot to be in, with a target of around 50. All details indicated in the chart....
Reliance Power Ltd (RPOL) @ 153 Million Volume yesterday strong break out with momentum.
NEWS: Reliance Power to raise up to Rs 1200 crore via debt route from Varde Partners
Strong breakout with volume break out and momentum created in day chart.
Reliance power breakout for long. so strong upside are coming. BUY above 23.30
NEXT TARGET 25.20, 28.35 . Time to go...
Potential Opportunity as Swing Trade in NSE:RPOWER and also predicting positive for long term investment.
SWING TRADE - RISK TO REWARD - 1:2
ENTRY - 13.75
TARGET - 15.75
STOP LOSS - 12.75
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #rpower #reliancepower #reliance...
HUGE upmove expected if it gives monthly close above BO line.
upmove above 14.75. target 28 - 35- 45
should stay above 11.95 or below that it can test 10 - 8.
RPOWER is forming bullish engulfing with RSI is showing probable crossover of 30 line. Volume is still average. If counter closes above 4.70 then the pattern will be confirmed.
Strategy 1 : Buy RPOWER if trading at 4.70 or above during 3- 3.25 p.m. with stop loss of 3.95 Target open
Strategy 2 : Those who want one more confirmation can wait for CCI crossover...
I think, RPOWER has been doing a large WXYXZ since ATH. I could be very well wrong though. Its just my opinion. Found a nice complex corrective structure throughout the movement. Ofc, you can also find an impulsive one , downwards which would then mean mayhem! But i'm not too confident with that.
Also, if you look at the big descending wedge, you can see that it...
i personally do not trade in such companies but its just when i came across the charts , i thought its a good chance to get easy 3/5% intraday trade ! , dual bottom followed with an rsi divergence ...
Macd line crossover, stochastic turns from oversold region in weekly chart then Macd line crossover in daily chart. These indicators will help to breakout the triangle pattern. Can buy at CMP for the first target range(47-50). If closes above 49.5, it may reach the second target range of (60-63).
Target: 47-50
Stoploss: 38.60 on closing...
