RPOWER trade ideas
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.
RPOWER Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
RPOWER Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
RPOWER Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
RPOWER Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
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.
[Intraday] RPOWER Tweezer Top Short TradeShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Positional] RPower Outside Bar BetLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Expiry Strategy: Sell 33 Call @ CMP 0.2. Lot size: 13000Recent struggle nearer at 20EMA signals that bears are still hold the control. As well, short term EMA stays below long term EMA confirms the bearish trend in the stock.
Expect it to expiry below 33 level.
RELIANCE POWER in uptrendwe can look for a buying opportunity only after a confirmation with a bullish reversal pattern in this stock
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 IHNS Strategy TradeEntry Strategy = Tilted Line
Stop Loss Strategy = Previous Candle Low
Exit Strategy = Trailing Stop Loss
Entered on 36.05 with a stop loss was at 33.20 Trailing Stop Loss hits at 37.25
RPOWER IHNS Strategy TradeEntry Strategy = Tilted Line
Stop Loss Strategy = Previous Candle Low
Exit Strategy = Trailing Stop Loss
Entered on 36.05 with a stop loss was at 33.20 Trailing Stop Loss hits at 37.25
RPOWER IHNS StrategyEntry Strategy = Tilted Line
Stop Loss Strategy = Previous Candle Low
Exit Strategy = Trailing Stop Loss
Entered on 35.60 with a stop loss was at 33.20 Trailing Stop Loss hits at 37.25
Channel break.Rpower can move higher if closes above 34.7, if it couldn't sustain it, it will retest 31.8.
Break of 31.8 level can take it to sub 27-28 levels. WATCHOUT.
P.S. Hammer on monthly is making me have a LONG side bias.
RPOWER day chart studyWe will be waiting for the buying opportunity after the breakout. Keep watching this space for the enrty, targets and SL
