RPOWER trade ideas
RPower - Long Term InvestmentReliance Power CMP - 4.70
Looking bullish in higher time frame. One can go for Long Term Investment with the following entry, exit & targets.
Buy Range 4 - 5 / Stop Loss 3
Target 1 - 8
Target 2 - 11
Target 3 - 25
Disclaimer: This is my view and for educational purpose only.
#Rpower - #ReliancePower Need bigger laptop for this one can't fit on my screen!! hahaha
alright looking at possible IH&S forming redone is acting as resistance once we break it will run hard
I understand some think this Targets are unachievable, they are outrageous well see for yourself it is down 300% isn't it? so why can't it go up 300%?!
I majorly trade on crypto & this kind of gains are not new for crypto traders, when it comes to stocks it's all about patience, when you chart on HTF like weekly & monthly it predicts the analysis for next few weeks or months to come, in this case for this pattern to pan out will take well over a year or more
so be smart while getting in to positions!!
NSE:RPOWER Sell For 21 Nov 2018RPOWER sell initiate for 21 Nov 2018 using 1 hour chart based on Fibonacci levels,
check below Sell level :
Sell Below : 30.35
Stop Loss : 30.85
Target : 30.05
Triangle chart pattern check the description for levels Buy above 50.65
target for buy 64.70
sell below 40.80
target for the sell 27.01
SL for the buy 40
SL for the sell 64
RPOWERNSE:RPOWER is under consolidation with strong support at 37.70-38
CMP - 39.70
Buy in the range 37.70- 38.00
SL 37.30
Target - 40 / 43
RPOWER - Powering Up (BUY)After observing a breakout at the strong resistance level of 54 with high volume made this one a good buy. The resistance level of 54 was previously touched 4 times and the price action reversed. But in the recent breakout it made a clear breakout from that level, which makes it a clear winner and buyer.
Target: 57-58
SL: 53.30
Long Reliance PowerThose who remember 2008 crash will surely remember Reliance power IPO..It was after this IPO there was a crash in stock markets...After seeing high of 309.4 on 1st may 2008..stock has seen correction to the low of 33.05 on 03/08/2015...This stock can reach much higher levels in years to come....Buy on dips is strategy....
RPOWER - ASCENDING CHANNEL BREAKOUT IT HAS MADE A CLEAR BREAKOUT FROM THE PREVIOUS ON-GOING ASCENDING TREND CHANNEL, WHICH STATES A CHANGE IN TREND.
RISK-REWARD: 1:4
