Reliance Power RELIANCE POWER (1D)
CMP 16.45
TRYING BREAKOUT FROM CONSOLIDATION ZONE
One can buy for short term swing trade
RPOWER trade ideas
Bullish Channel Formation in RPOWER: Buyback PotentialRPOWER has established an expanding channel, currently undergoing testing at the lower boundary. This presents a potential opportunity for a future buyback. We anticipate a price rebound towards the recent swing high observed on the daily timeframe.
RELIANCE POWER - WEEKLY CHART SETUPThe 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....
Tradelikemee Academy
Reliance POWR, LONG TG 16Reliance Power, good RR, Target 16, good volume, small small stop loss at 11
Can buy this with sl of 14 for 20-25The stock is trending in a range and the possibility of breaking it upper side is more...
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.
RPOWER Breakout with good volumeCan see good momentum in short term
*Not recommendation. Please do your due diligence
Breakout repower weekly Weekly chart pr breakout aaya h go long 21.20 sl 16 tgt 35-40-50 next 1-2 month
HOLD IN SPOTIndian stock market player add this stock Our TP is around 25 Rs in short term..
This will be going more bigger than that..
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Reliance Power Nice long opportunity Hi Guys, There is nice running flat forming in reliance power, buy till the mentioned level, because when it will break the top it will fall again to complete bigger running flat.
Thanks
Is this the right time to buy RPOWER?An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
Good Support at 44 EMA
RPOWER is ready for an upsideRpower has a huge flag pattern formation in weekly timeframe. As a short term point of view it might go from ₹18-20
RPOWER to be skyrocket in few weeksAs seeing through chart pattern, RPOWER might be profitable in upcoming weeks
RELIANCE POWER - RPOWER(NSE) - BULLISH PENNANTRELIANCE POWER - RPOWER(NSE) has been forming a Bullish Pennant since August 2021, when viewed in a 3hr chart. A long candle cutting the upper boundary of the pennant(green line) can be a good buy signal. Watch out thoroughly for a month or so for a breakout.
Reliance power making cup and handle patternAfter a long consolidate movement ,reliance power looking bullish,hope it will give good positive movement ,one can takecan long position in it.
Most Infamous Stock on the street is giving the best opportunityWhen it comes to wealth destruction this particular stock has made records. Reliance Power NSE:RPOWER opening price on the day of listing was 341. Sadly, It never achieved the same price since 2009. In the Stock Markets - "Sabka Time aata hai". This stock has been in one-digit lines from April 2019 to June 2021. It has been consolidating nicely since then. The pattern that I observe is "Cup and Handle"
Definition of C&H as per Investopedia is as follows
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Hope you observe the same.
Pattern is indication to go long at current levels of 13.90 for a target of 30.
Disclaimer: I am not a SEBI registered IA. We are providing this blog only to help the retail investors and it is only for educational purpose. This blog shall not in any be taken as an investment advice. Viewers are expected to research on their own before Investing.
For futher Ideas visit: Paisopedia.blogspot.com
Reliance Power Reliance Power is forming ABCD Pattern on Weekly charts.
Current Value of stock is 15 Rs.
Its Target for 4-5 months can be 30 Rs.
Only resistance stock can face is 18.15 rs.
If trade above 18.15 then stock can see 27 and then 30 is immediate target
