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...
Pros:
Flag pattern
Breakout
Took support on Fibo levels
Swept the liquidity to move up.
Cons:
Breakout with less volume
No breakout on Daily Time frame
Volume doesn't looks good during the pattern
Reliance Power: Consolidated from 23 levels to 11.While forming the Cup pattern the fall in volume was not drastic whereas while forming the saucer pattern spurt in volume was visibe.
If it sustains above neckline breakout at 22-25 levels is not ruled out taking the stock to 30+ zone.
(for Educational Purpose only)
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...
there should be up move in it.
it should touch 33 in coming weeks.
not fundamentally strong stock.
just for riding the trend.
just buy on your own risk,this is my analyis only.
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Greetings Folks,
today I have prepared a setup of RPOWER on NSE
the analysis is as follows-
- The price is on a good bullish trend
- its retracing right now for another bullish leg, let the price settle on the support zone, then you can initiate the trade
- be alert about the volume when it approaches the support zone, it should be big buying candles for...
Reliance highly potential stock. It may to 180 above in investing. but for swing we expect 55 around from this level (19). Note: highly volume recently entered in this stock.
Greetings Folks,
today i have prepared a setup of RPOWER on NSE
the analysis is as follows-
- the price is looking to break the static resistance anytime now
- however i still would prefer the price first to breakout and retest rather than an aggressive entry, it can also breakout down side too
- if the price goes down, leave the setup
don't play with fire, always...
BUY - RELIANCE POWER.
CMP - Rs. 12
Target - 1: Rs. 20
Target - 2: Rs. 25
Target - 3: Rs. 60
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Technicals -
1) Cup and Handle Pattern.
2) Bullish Flag BO
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This is a view by an expert analyst, please trade at your own risk.
