RPOWER trade ideas
RPOWER - Cup Pattern BreakoutRELIANCE POWER LTD
Breakout from CUP pattern and now consolidating in a flag pattern.
High trade and delivery quantity this month.
Within 52 week range.
Stock outperforming benchmark Index.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
REL Power : Touched an All time High of 55 in recent years REL Power :
Touched an All time High of 55 in recent years
Important level to watch for is 65 which happened last time in Jan 2018 .
( This is a Monthly Time Frame Chart )
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
REL Power : Sitting right at the Red Band Resistance REL Power : Sitting right at the Red band Resistance .
It's already in a Buy trajectory and survived a Sell Signal in past few days and recovered from there.
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
REL Power : Pretty decent recovery from the support of 33
REL Power : Pretty decent recovery from the support of 33 in a month , today almost at the previous high of recent days Sitting at a major resistance as seen on the chart .
(Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
REL Power : Holding up quite nicely above Supertrend REL Power : Holding up quite nicely above Supertrend on a Monthly time frame since May 2021 .
53 is an important level to test .
( Monthly Time Frame)
May 2015 : Below Supertrend
May 2021 : Above Supertrend
May 2025 : It seems like it will continue to hold and remain above Supertrend
MACD looks quite strong on a Monthly time frame .
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
REL Power : An important milestone achieved, MACD touched 0 REL Power : An important milestone achieved on a 3 months time frame , MACD touched 0 .
On a daily time frame it is already in a Buy trajectory and sitting at the resistance bands .
50 to 70 are the important resistance levels for the REL Power's upcoming journey .
MACD ,200 SMA are both favourable on a Daily time frame
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
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! 💬👇
RPOWER ready for a turnaround?The company is reducing debt.
Financials are improving.
FIIs have increased stake.
Momentum looks good with the stock hitting UC in the last couple of sessions. Head and shoulder pattern on weekly chart looks good, with support on 21 levels
Entry - at CMP
SL - 20
Target - 34/52
RPOWER - Reliance Power - An Opportunity to BuyAs per chart history and technical analysis, buying opportunity is being seen. This stock has made new consolidation zone and it is retesting before further upside breakout.
I suggest to take entry at CMP or wait for safe buy point as mentioned on the chart.
Do your own research before any trade plan setup because I am not SEBI registered
Thanks for your suppost as always
RELIANCE POWER LONGTERM INVESTMENTACTIVATED MY ENTRY LEVEL
Can enter at CMP @31.40
or wait for fall & enter @25.30
Targets - 38,50,65+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
RPOWER: Minor Pullback, Major Potential! 🚀💹Embark on a short-term exploration of RPOWER as we delve into the dynamics of a potential minor pullback, seeking support at an order block, and eyeing a 40 INR target. In this analysis by NEOALGO, we consider the prospect of momentum gaining strength through upside order blocks, presenting a favorable outlook.
This is our personal view and not trading or investing advice. The anticipation of a minor pullback finding support at an order block suggests potential short-term high returns, creating an optimistic scenario.
Exercise caution. NEOALGO is not SEBI registered, and investors should conduct thorough research. Decisions made directly impact potential profit or loss.
Explore the short-term opportunities, consider the potential momentum in RPOWER, and reflect on our optimistic outlook detailed in this analysis. 📊🎯 #RPOWER #ShortTermMomentum #HighReturnOpportunities #PersonalView
Bullish On Power Sector , R Power Reliance Power cmp 30.40 by Weekly Chart views
* Rounding Bottom Neckline at 12 to 13
* Multiple Rounding Bottom Neckline at 17.50 to 18.75
* 25.00 to 26.50 Resistance Zone crossed and Price closed above it
* Upside probable target of approx. +/- 55 - 60 by overall depth of all patterns from now current Support Zone 25 to 26.50 earlier Resistance Zone
Disclaimer Educational Purpose Only