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RPOWER

RPOWER -Cup and Handle -Breakout -WklyReliance Power Ltd. (NSE: RPOWER): Cup and Handle Pattern: It shows a classic cup and handle breakout, a bullish continuation pattern. The neckline resistance of INR 34.40 was broken, pushing the stock higher. Target: After this breakout, the stock is targeting the next major resistance at INR 68.13. Volume: The rise in volume confirms the strength of the breakout. Support: The level of INR 34.44 will now serve as a key support. The charts show potential for further gains, but short-term traders should monitor for overbought conditions and pullbacks at key resistance levels.
NSE:RPOWERLong
by VCharts_TA
Comprehensive Analysis of Reliance Power Limited (RPOWER)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 handle pattern on RPOWER's chart has matured over a span of more than 5 years, indicating a long-term bullish setup. A breakout from this pattern occurred recently, accompanied by substantial trading volumes, signaling strong buying interest. Elliott Wave Analysis: Elliott wave analysis suggests that the stock is potentially entering the 3rd wave of the 3rd wave, implying a powerful bullish move. This wave analysis further supports the bullish bias observed in the cup and handle pattern. Technical Indicators: Volume Confirmation: The retracement following the breakout maintained higher lows, with the cumulative volume of 10 candles lower than that of the breakout candle, indicating sustained buying pressure. Bollinger Bands: RPOWER is challenging the upper Bollinger Band on both daily and weekly timeframes, suggesting strong upward momentum. Trend Indicators: Positive crossovers on trend indicators across multiple timeframes signal a bullish trend. RSI and ADX: RSI supports the bullish bias, and ADX indicates increasing strength in the uptrend, with +DI confirming a bullish trend. Trade Strategy: Entry Points: Consider initiating long positions at current levels or on pullbacks, with potential entry points around the upper bands of the cup and handle pattern. Invalidation Level: Set the invalidation level below the last swing low, providing a clear risk management strategy. Price Targets: Upside price targets based on the cup and handle pattern suggest levels of 49+, 73+, and 99+ for Long Terms. Risk Management: Emphasize the importance of risk management techniques, including stop-loss orders and position sizing, to mitigate potential losses. Conclusion: Reliance Power Limited (RPOWER) exhibits a strong bullish setup, characterized by the cup and handle pattern, supported by volume analysis, Elliott wave analysis, and positive technical indicators across multiple timeframes. However, investors should conduct their own research and exercise caution, adhering to risk management principles. This analysis is for educational purposes only and does not constitute financial advice or trading recommendations. Disclaimer: This study is shared for educational purposes only and should not be construed as investment advice or trading tips. Investors should perform their own analysis and consult with financial professionals before making investment decisions. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RPOWERLong
by RK_Chaarts
2
Q&A_ What is a book value?Namaste! In this article, I am sharing my understanding of the following subjects. Please correct me if I am wrong in any of the mentioned things. 1. Book value is a value of total assets over total liabilities. Means, Total Assets - Total Liabilities. 2. Meaning, the amount available to the shareholders (per share) whenever the company goes into liquidation. 3. Book value highly depends on the nature of business. For banking companies, it is higher because they treat their given loans as assets. Whereas, for IT companies it is very low because their business doesn't require much of the assets like Plant & Machinery (they're not a manufacturing company), etc. They have a lot of employees as their assets, but by definition, employees are not assets since companies do not have control over them. 4. Book value increases/decreases overtime because of the following factors:- a. Asset value decreasing factors: Depreciation (plant and machinery, etc), so as the Cap-Ex (Capital Expenditure). You know, this is a substantial expense, especially for the telecom companies and manufacturing companies, etc. This is not the case for IT companies. For banking companies, increasing NPAs (non-performing assets). Decreasing market price of assets (for e.g. companies that have an intangible asset like "Patents", they are in demand now but soon the technology becomes old and priceless). "Goodwill", goodwill increase or decrease, totally depends on how the acquirer company values and calculates it. b. Liability increasing factors: Loan interest payments (because our total liabilities increase). New loans and provisions, lawsuits (contingent liabilities), etc. 5. So, when the company goes bankrupt, your stock price doesn’t actually become zero. Because, you will be getting something in return due to a book value per share. After secured creditors, debentures, preference shareholders. Fun-fact: Reliance Power shares are still publicly traded because it didn’t liquidate till now. It has a book value of Rs 36.1 per share, mostly coming from assets like land (Rs 5,887 crore), Plant and Machinery (Rs 37,137 crore), etc. 6. The share price is still falling, one reason is that the interest burden is still increasing YoY. Some banks have written it as a NPA, some are still trying to restructure.
NSE:RPOWER
by UnknownUnicorn7637383
4
RPOWER- Multibagger possibilityFundamentals- RPOWER has shown a turn around in it's balance sheet by repaying it's loan. Repayment has been made using the cash flow from operation and not by selling it's assets. There has been increase in the promotor shareholding as well, though it remains low overall. Even is the operational revenue remains same the company can be expected to recover from it's debt ridden condition in 3-4 years. This could convert this penny stocks into a multibagger. Chart Pattern RPOWER, after a bullish rally during mid 2021, has entered a consolidation phase. The volume has been falling. It can give a breakout soon. NOT A BUY/SELL RECOMMENDATION.
NSE:RPOWERLong
by adityarajnema59
RPOWER - MULTIBAGGER - POTENTIAL RPOWER is part of RELIANCE GROUP CO ... Reliance power has been established to develop, construct and operate power project in india and internationally. stock has potential multibagger if quarter performance and margin improves further, technically weekly chart shows some sign of Bullish indicators potential around 20-30% upside in next 3-4 months. TECHNICAL BULLISH INDICATORS. >> Trendline breakout >> Stock trading at 200 SMA support on weekly chart >> W pattern formation seen >> volume seen increase in recent time. >> moving avg crossover in weekly chart confirm uptrend . BUY RPOWER cmp @ 16.10 TARGET 1-18 TARGET 2 -25 ( 3-4 Month ) Stop loss 12 ** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP YOU FOR SAME..take call at own risk ! HAPPY TRADING !!
NSE:RPOWERLong
by champtrade111
25
#ATGL ADANI TOTAL GAS #ADANIENT #ADANITRANS #ADANIPOWER #ADANI #ATGL ADANI TOTAL GAS Ltd. NSE:ATGL NSE:ATGL Risky but could be a great trade RR Ratio > 2.5 CMP: 1501 Target 1940 almost 30% SL: 1326 Time < 6Months Others: NSE:ADANIPORTS NSE:ADANIPOWER NSE:ADANITRANS NSE:ADANIENT NSE:ADANIGREEN Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:ATGLLong
by Rachit_Sethia
Live Challenging Stock Market Analysis Buy Rpower @ 4.85 Target @ 11.5 Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Forex Tamil
NSE:RPOWER
by Tradingwithtamil
2