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Why is Anil Ambani’s Reliance Power up 40%? Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US based investment firm focused on distressed assets in India. RPOWER announced the deal on Sept. 5, sending its shares surging and at close of trading, the company stock price had risen 9.9% to 23.30 rupees. On Sept. 6, the company’s stocks dropped 6.0% at close of trading to 21.95 rupees. The abrupt increase in Reliance Power's stocks, albeit short lived, elicited a warrant for explanation from the National Stock Exchange of India Ltd. and BSE Ltd. In its response, the company said it couldn't comment on the price movement and assured that it will make an announcement when necessary. Perhaps more alarming is the climb in RPOWER’s share price before the announcement. In the two days before the announcement was confirmed, RPOWER’s shares climbed 37%. Reliance's Power in India Reliance Power is an electric power generation, transmission and distribution company based in Mumbai, India. It is the country's leading private sector power generation and coal resources company with one of the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy. It has an operating portfolio of 5,945 megawatts. A member of the Reliance Group conglomerate, the power company has a market capitalization of $992.8 million. In the quarter ended June 30, the company recorded a loss attributable to owners of its parent at 708.4 million rupees against a profit of 122.8 million rupees in the prior-year period. To support its future plans, the company is considering raising fresh capital from both domestic and international investors. Apart from the recent agreement with Varde Partners, Reliance Power is considering an issuance of equity shares, equity-linked securities or convertible warrants to amass funds that it can utilize in the long run. The company's board will meet September 8 to consider future fund-raising plan. Operating Within the Ambani Conglomerate Reliance Power forms part of the Reliance Anil Dhirubhai Ambani Group, which is founded majority-owned by Anil Dhirubhai Ambani. Anil is also the chairman of Reliance Power. Anil is the youngest son of Indian billionaire Mukesh Ambani, the chairman and managing director of Fortune 500 company Reliance Industrial (NSE: RELIANCE), which is also the most valuable company in India. The brothers divided their father's business empire a decade ago. While Mukesh, who was Asia's richest man until fellow Indian billionaire Gautam Adani surpassed him, continued expanding his businesses, Anil is currently having troubles with companies defaulting and being put under administration. Nikkei Asia reported that Anil even declared himself to have a personal net worth of zero. Reliance Power's affiliate, Reliance Capital, is currently on the market with an investor group including the Hinduja Group and Oaktree Capital offering 45 billion rupees for the diversified financial services company, Economic Times of India reported. Also on offer are India's fifth-largest privately owned general insurance company, a stockbroker, a stake in an asset manager and Reliance Capital's 51% share in a life insurance venture with Japan's Nippon Life, among other assets. While it is yet to be seen if the current troubles of its affiliates will spill through Reliance Power, its recent loss will definitely not boost investor confidence. Furthermore, the company's fundraising initiatives are hardly proving that it is in a very secure position in terms of capital.
NSE:RPOWER
by BlackBull_Markets
2
CNXENERGY - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:CNXENERGYLong
by Tradelikemee
GRP LTD Double Bottom BreakoutThe idea here is about GRP LTD: GRP Ltd is engaged in the production of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, molded rubber products for different applications in both, tyre and non tyre rubber products.. 1. Broken out of Ascending Triangle, Double bottom & retesting of support & neck level in progress at the time of publishing. 2. Trading above 20 & 200 EMA on daily chart. 3. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum. 4. RSI is at 70.46 on a Daily Chart at the time of publishing. 5. MACD Way above signal line on daily chart. 6. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. 7. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Ascending triangle & Double bottom provided in the chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GRPLTDLong
by Tron029
APOLLO TYRES - 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:APOLLOTYRELong
by Tradelikemee
Shree Renuka Sugars - 240 MinsThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
BSE:RENUKALong
by Tradelikemee
GENNEXE LAB - WEEKLY CHARTIts looking bullish, waiting for the this to correct and then give us long opportunities. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only. we don't focus on the short term move, we look for only for Bullish or bearish impulsive moves on the setups after a good price action is formed. we never get into corrections. it will test our patience and also it will be waiting period. Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique.
BSE:GENNEXLong
by Tradelikemee
RATTAN INDIA POWER - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:RTNPOWERLong
by Tradelikemee
JUBILANT FOODWORKS ? WHAT DO YOU THINKThe idea here is about Jubilant Foodworks. Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Hammer candlestick formation on a weekly chart at the time of publishing. 2. Bat Pattern Completed. 3. Ascending Triangle Formation in place. 4. Support established on 20 EMA on a weekly chart & trading below 50 EMA & above 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is bearish & currently consolidating. 5. RSI is at 51.80 on a weekly Chart at the time of publishing. 6. MACD above signal line. 7. Hull Moving Average is a Buy Signal on Daily, monthly charts & sell on weekly. 8. Enter long if Price breaks above the resistance. In any case keep an price alert. Projected targets as per Bat Pattern & Ascending Triangle provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JUBLFOOD
by Tron029
EMAMI REALTY - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
BSE:EMAMIREALLong
by Tradelikemee
JINDAL PHOTO LTD Clean BreakoutThe idea here is about JINDAL PHOTO LTD. mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Broken out of Downtrend channel with good volume (NSE). 2. Gartley Pattern completed with entry point confirmed. 3. Support established on 50 & 20 EMA & trading above 200 EMA on weekly chart. 4. Strong Kumo breakout & kumo twist on daily chart (Ichimoku Cloud). 5. RSI is at 52.24 on a weekly Chart. 6. MACD crossed above signal line. 7. Hull Moving Average is a Buy Signal on Daily,weekly & monthly chart. 8. Price may retest the breakout point. Projected targets as per Gartley pattern provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then please follow my profile for more analysis. Cheers.
NSE:JINDALPHOTLong
by Tron029
HGS primed for breakoutThe idea here is about HGS ( Hinduja Global Solutions). Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed. 2. Cup formation under completion with today’s trading, wait for pull back & break above the current resistance as per chart. 3. Trading way above on 50, 20 & 200 EMA on weekly chart. 4. Resistance on Kumo cloud on a weekly chart & currently consolidating. 5. RSI is at 71.11 on a weekly Chart at the time of publishing. 6. MACD above signal line. 7. Hull Moving Average is a Buy Signal on Daily, weekly & monthly chart. 8. If Price breaks above the resistance then cup & handle formation in invalid. Projected targets as per Crab pattern & cup and handle provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! then click on like and comment your thoughts. Want to keep yourself updated with current market action? Then please follow my profile for more analysis. Cheers.
NSE:HGSLong
by Tron029
BERGER PAINTS Clean BreakoutThe idea here is about TECH MAHINDRA Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Break out of Downtrend channel with good Volume. 3.Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the break out point and wait for reconfirmation to enter. 7. Hull Moving Average is a Buy Signal on a weekly chart. Targets : Estimates based on Crab pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:BERGEPAINTLong
by Tron029
BERGER PAINTS IND Clean Brakeout The idea here is about BERGER PAINTS Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Elliott's Wave Corrective wave completed and price has broken out of Downtrend channel with good Volume . 3. Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the break out point and wait for reconfirmation to enter. 7. Hull Moving Average is a Buy Signal on a weekly chart. Targets : Estimates based on Crab pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:BERGEPAINTLong
by Tron029
ASTRA MICROWAVE PR The idea here is about ASTRA MICROWAVE PR Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Daily Candle is an Engulfing Pattern. 2. Cypher Pattern Completed on a Daily Chart. 3. 3.618 FIB Reached from AB Leg Distance. 4. Price is way Above 20 EMA. 5. Kumo Breakout & |Twist on a Daily chart is strong. 6. MACD Crossed over Signal on Daily chart on the time of analysis. 7. RSI is 80.14 on a daily Chart. 8. Hull Moving Average on a daily,weekly and Monthly is a strong Buy. 9. Strong Volume on 19th Aug 2022. 10. Price might retest 284.00. and a correction of price might be in place. If price sustains above CMP Target would be 360.00 to 410.00 and may be beyond. @Bunty20077 I might have been looking from one point of view earlier, now when I did a deep dive lookout I feel it has some strong potential. Nice job. Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:ASTRAMICRO
by Tron029