RPOWER is part of RELIANCE GROUP CO ... Reliance power has been established to develop, construct and operate power project in india and internationally. stock has potential multibagger if quarter performance and margin improves further, technically weekly chart shows some sign of Bullish indicators potential around 20-30% upside in next 3-4 months.
TECHNICAL BULLISH INDICATORS.
>> Trendline breakout >> Stock trading at 200 SMA support on weekly chart >> W pattern formation seen >> volume seen increase in recent time.
>> moving avg crossover in weekly chart confirm uptrend .
BUY RPOWER cmp @ 16.10
TARGET 1-18 TARGET 2 -25 ( 3-4 Month )
Stop loss 12
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP YOU FOR SAME..take call at own risk !
HAPPY TRADING !!
TECHNICAL BULLISH INDICATORS.
>> Trendline breakout >> Stock trading at 200 SMA support on weekly chart >> W pattern formation seen >> volume seen increase in recent time.
>> moving avg crossover in weekly chart confirm uptrend .
BUY RPOWER cmp @ 16.10
TARGET 1-18 TARGET 2 -25 ( 3-4 Month )
Stop loss 12
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP YOU FOR SAME..take call at own risk !
HAPPY TRADING !!
Comment:
Current circuit limit of stock 5% IN NSE, BSE.
Comment:
Moving up from buy level 16 ...high today 16.45. ! till now ..1.00 pm as on 20/01/2022
Comment:
Now look at RPOWER... this is what i am talking about technical ..when its strong the result is RPOWER ..now 17.65 bUY LEVEL 16 so 10% profit from buy level now. !
Comment:
RPOWER TARGET 1 -18 HIT ..!