Reliance Power Breakout Alert!Reliance Power has broken out of a long-term downtrend resistance 📊💥. After multiple rejections, the price has finally closed above the trendline, signaling potential upside momentum!
🔹 CMP: ₹42.97 (+8.87%)
🔹 Resistance Turned Support: ₹44.19
🔹 Target 1: ₹53.64 (+25%)
🔹 Target 2: ₹64 (+48%)
🔹 Stop-loss: Below ₹36 for risk management
💡 Breakout Confirmation:
✅ Strong volume spike 📊
✅ Retest of resistance zone
✅ Higher highs forming
📢 Strategy: If the price sustains above ₹44, we may see a strong rally towards ₹53 and beyond! 📈 Keep an eye on price action & volume confirmation! 🔥
🔁 Share with fellow traders & comment your views! 💬👇