RELIANCE POWER LTD

BSE

RPOWER

JIM1980 58 views ・

rpower breakout from down trend ,

TradeTechAdvisors 107 views ・

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.

tRex88 98 views ・

We will be waiting for the buying opportunity after the breakout. Keep watching this space for the enrty, targets and SL

NeeteshJain 1342 views ・

It 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...

NeeteshJain 744 views ・

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