Reliance Power Buy @ 5-4.5RP Power - Weekly Chart - Cup & Handle Breakout
CMP 7.15 Buy @ 5-4.5
SL Below 2
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Reliance POWER - Trading inside ChannelStock is trading inside a nice channel. Let's see how it goes.
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.
Reliance Power - Stock to buy and forget
It is trading above 200 SMA in the Daily chart and as per the news has become debt free. Buy and forget the stock.
Disclaimer: I am not a Registered Analyst with SEBI and it is only for educational purposes only. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
Let you grow. May! I follow you.
Thank you
Reliance Power - Is it a multibagger.. 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.
This is just my view based on simple Elliot Wave principles... for education and documentation purpose.
Reliance Power - Bearish harmonic pattern ??Initially, even I thought its a Triangle pattern breakout but looking through it I think its a bearish harmonic pattern. I dont know much about this pattern and if it is correct, need to know till where the price goes down.
RELIANCE POWERMight break and move upwards. Showing good support at 13.85 levels. Possible consolidation at these levels unless market falls down further.
reliance power bullish breakoutwait for candle close above red trendline then long target of 17.40-18.25 will be active.
good luck and keep patience
RELIANCE POWER , THIS COULD BE A FAILURE WINNING STOCK NSE:RPOWER
THIS STOCK COULD BE A BETTER STOCK FOR A LONG TERM AND THIS CAN GIVE A GOOD RESULT IN FUTURE
THIS IDEA IS ONLY FOR EDUCATIONAL PURPOSE ONLY
RELIANCE POWER in uptrendwe can look for a buying opportunity only after a confirmation with a bullish reversal pattern in this stock
Reliance Power : Getting Ready for A Long Rally {Very Bullish}Dear All , Those Who missed RCom Rally , Invest in RPower to Get Spectacular Returns ... Levels are mentioned Over the Chart ... Good Luck !!!
Reliance Power : A Good Buy Above 38 Levels ... {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
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.
RELIANCE POWER : IT WILL RECLAIM 330 LEVELS {EXTREMELY BULLISH}DEAR ALL , LONG TERM TARGETS OF 300/350 LEVELS IN RPOWER ... BE HAPPY ... STAY INVESTED ... GOOD LUCK IN SHARE MARKETS !!!
WITH REGARDS ,
KBMJ
RESEARCH ANALYST
Reliance Power - Potential Gartley PatternPotential Gartley pattern on the verge of completion.
Enter only on bounce back around the blue entry point .
Once bounce back is confirmed we can expect the following targets:
T1: 43.4
T2: 42.3
T3: 41.2
SL: 45.25
NIFTY ENERGY leading NIFTY 500 benchmarkNIFTY ENERGY is leading NIFTY 500 benchmark. Breakout from a small consolidation seen in the week of 28 March 2022. Good sector to pick names like TATA POWER, Adani green, Reliance, Powergrid and NTPC as these have momentum.
