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
RPOWER trade ideas
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
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.
Bullish Engulfing/2B Pattern Reversal2B Reversal pattern formed as Bullish engulfing so it seems buyers are emerging at current level. One can buy the stock with SL of low of last bar for a target of above 40. Reasonable risk to reward ratio trade.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Rpower04.01.2018 RPower 1 hour Chart formed Ascending Broadening wedge.
1. RPower will fill lower gap from 57.50 to 50.20
2. If breakout Bottom Slope will fall down further to target 47.70,42.70
3.If Not Break bottom slope Rpower will bullback & raise again to the target of 58.50 , 65
RPower: support zone & breakout retest confirmation {Bullish}RPower
CMP 48.50
Last time, we were able to capture the stock movement right from 36.80 levels to 62 levels where we highlighted the zone of 58-62 being important
The stock has come down exactly from same levels...
At current levels the charts suggest the stock is back at important support levels & zone of 45-48 may act as strong support ...
Buying at current levels & on dips towards 45 can be considered
Target 82 / 108 levels
Take care & safe trading..!!!
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
Rpower: At 2 yr support level...if held could be very bullish !!Rpower CMP 36.95
The stock is near its 2 year support or should I say near all time low levels...
In the current set up
- Momentum might come on sustaining above 38.5 - 40 levels
- for target of 46 / 58 initially and above that it could scale up to 85 odd levels in the longer term
- pattern gets invalidated if stock closes below 33 odd levels levels
- however would be skeptical if it closes below 34.60
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Some Key Fundamental parameters
Book Value: Rs 76.17 per share (Shares available at 50% discount to its Book Value)
EPS (Earnings Per Share): 3.55
PE RATIO : 10.35 (Comparing PE Ratio with Tata Power 24.22 and Nifty Price to Earning ratio 25.96, Rpower looks grossly under valued )
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Let me go by Disclaimer
- Key Fundamental parameters are not my own calculations but as per publicly available information on leading financial websites...
- Also understand there is lot more to Fundamental Analysis than Key parameters mentioned here
- the fact that Nifty is at all time highs and Rpower near all time lows also reflect that the fundamentals of the Company / Sector as a whole has been on a weaker side so far..Reasons could be debt problems / Government policies for Power sector etc to name a few...
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That being said our verdict is stock looks good from longer term perspective with better risk::reward ratio
Take care & happy investing...!!!
RPOWER:: Discussion Groups - Stocks 4Technical chart showing us some positive momentum.
Positional levels are:
37 39 40 42 44 46 48 49 51 54
Cheers!
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 !!!
Rpower: Can it power it way back to 38.50 levelsRpower
Cmp 36.75
T1 38.5
T2 40.80
Keep a small Stop at 36.3
Take care & safe trading...!!!
