Retest-structure
A proper Break out Just occurred.Wait for the retest and get into the trade and it has more than 70% chance to go on our favour!
RPower: support zone & breakout retest confirmation {Bullish}RPower
CMP 48.50
Last time, we were able to capture the stock movement right from 36.80 levels to 62 levels where we highlighted the zone of 58-62 being important
The stock has come down exactly from same levels...
At current levels the charts suggest the stock is back at important support levels & zone of 45-48 may act as strong support ...
Buying at current levels & on dips towards 45 can be considered
Target 82 / 108 levels
Take care & safe trading..!!!
