Reliance Power has given some divergence which you can catch some pips though it is a strong Bearish it will catch some few Bullish moment pips and after it touches the RSI 70 level or overbought level it will continue Bearish for some days. Thank You.
HUGE upmove expected if it gives monthly close above BO line.
upmove above 14.75. target 28 - 35- 45
should stay above 11.95 or below that it can test 10 - 8.
Buy Rpower at cmp 13.35 stop loss 12.40 target 26. It's penny stock and keeps hitting LC and UC. So risk is too high.
Disc : It's not an investment advice to buy or sell.
"Wait for a Decisive Breakout"
Inverted Head and Shoulder / Large TF
Cup and Handel / Medium TF
Bullish Flag / Short TF
On the larger time frame, we have Head and Shoulder
On the medium time frame, we have Cup and Handel
On the shorter time frame, we have Bullish Flag
With Good volume activity
This trade is High Risk but has a good reward of up to 200%
Plane...
Target @ 11.5
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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits...
On a weekly Timeframe, RSI crossing 70 Suggesting Good bullish Strength. The confirmation of Inverse Head and shoulder breakout and increase in Volume shows a high probability of Bullish Trend.
