RPOWER next major resistance is at 12The stock gave a very good breakout of neck line,
holding it from 5 tfor the target of 12
RPOWER
Ready to explodeConsolidation after breakout from multi weeks resistance is now moving into new phase. Upmove is likely to get restart in next 1-2 session.
Disc : I have position in stock . It's not an investment advice to buy or sell
RPOWER forming a inverse Head & Shouldernote
1) price is at neck line and a resistance zone
2) risk reward is favourable
3) Inverse head and shoulder
4) Kind of flag formation near resistance zone
BuyBuy with sl below 2.80 target 6.40-7.30-8.40.
It's a pwwny stock . So risk is very high.
Disc : it's not an investment advice to buy or sell. I do have position in stock.
SpeculationI am just speculating that is 2.80 is maintained on daily closing basis then it should touch 6 and 8.40.
Disc : It's not an investment advise to buy or sell
Ranger's PowerBought just now at 3.34 with sl of 2.38. I don't have any penny stock in my portfolio. I thought to have some diversification. :-)
RPOWER : Ready for Shock (Bullish)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.
Decision time for RPOWERI 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 already broke out. Although the breakout doesn't look that strong enough to carry the momentum too far but it'll be crucial to watch if it gives a successful throwback to this wedge. That small wedge inside the bigger one makes it a little bullish. If the the throwback test to the wedge resistance turned support fails, that would indicate the posssibility of a potential move towards INR 20, long term.
I'm expecting a sideways breakout to this wedge giving a smaller B to the larger Z of WXYXZ, and down for a last leg down to complete the large Z. My potential target for this B is around INR 34-35 level. If this levels breaks with a strong volume then it can also skip this last C before moving up to next potential resistance level and that would be around INR 46-48 level, IMO. That would be very bullish.
All of this is just possibilities though and anything is possible. Trade smartly and REMEMBER, this is not a financial advice.
Rpower; Trading at channel supportRpower
Cmp 30.90
- on an hourly chart the stock is trading near channel support
- channel trade set up target is around 35-36 odd levels
- stop loss if closing below 29.75
Risk :: Reward ratio looks favorable to go long
Take care & safe trading...!!!
RPOWER day chart studyWe will be waiting for the buying opportunity after the breakout. Keep watching this space for the enrty, targets and SL
Wolfe Wave Good RR tradeThe stock has nicely formed Wolfe Wave with in parallel Channel. One can trade the stock for a good Risk to Reward Ratio. One can trade the Future as under or make suitable strategy using options as the stock is active in Options also
Entry 34.30
SL 32.20
Target 39.80
RR 5.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Rpower breakput. Long RPower for a target of 60rpower has made a breakout with good volumes. Long Rpower for a target of 60 and keep 44 as SL
Reliance power short term and mid term view from weekly chartMacd 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 basis.
Vijayaraghavan,
INDITRADE,Kovilpatti.
Rpower - At verge of RevivingIt has been observed on the daily chart that the price action rebound on the strong support zone of 38-39 previously and now, it has done it. It is indicating a good buying at those levels and now it shall boost this rally further up.
As per fundamentals, It is trading a low P/E and below its book value which is another good value addition for buyers to initiate in it. Now, if it stays above 39 levels then it shall further rally up from current levels.
Short Term View,
T1- 42
T2 - 44
SL- 39
Longterm:
T1- 50
SL 36
Medium Term BreakoutRPOWER has given medium term breakout at 48.75 trading in upward channel watch near 48. can go long for target 53+ stop loss close below 47.
RPOWER - STARTING A NEW WAVE It is been observed that the price action is consolidating in a sideway correction and now, it has formed a bullish candlestick pattern indicating a bullish move ahead. It shall be a starting of another new wave or rally to upside.
Short Term:
Target: 44.50
Stoploss: 42.50
Mid-term:
Target: 50
Stoploss: 42
Regards
Rpower Breaking Crucial Support It is been observed on daily and weekly chart that the price action breaks and closes below 40 price levels which was acting as crucial support levels. Now, it shall further move down to the next support levels at around 35-33 levels with few weeks. Regards
Target: 35
Stoploss: 41
Risk Reward : 1:2
Rpower - Breaks Support It is been observed that the price action breaks below the previous support levels at 46.25 on daily chart, and now it shall move further down to next support levels.
Target: 44.80
Stoploss: 47
RPOWER - BULLISH ABCD PATTERN SETUPAfter the price action broke out from a channel breakout and descending triangle as marked in purple and blue respectively. Now the price action went down to 46 levels where it completes a Bullish ABCD Pattern. Now the price action shall move towards 50 levels which is a 38.2 retracement level of A-D leg of the said pattern.
Target: 50.10
Stoploss: 46
Risk Reward: 1:3
