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 !!
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Current circuit limit of stock 5% IN NSE, BSE.
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Moving up from buy level 16 ...high today 16.45. ! till now ..1.00 pm as on 20/01/2022
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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. !
Operator game, better to stay away from this type of stock
champtrade111
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@Stock_Terminator, appreciated your view..but short term trade idea based on pure technical trend estimates. and about long term, I specified keep watching quarter performance, if that seen improve better then only one can go long. ! so performance caution is specified !! at present its short term technical trade only .!
champtrade111
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@Stock_Terminator, one more thing to add stock currently trading circus 5% ... such a short circuit stock goes one way either up constantly or downside ..sharply , so caution has to take trading such short circuit stock. !
psyank281
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the analysis is good and it should reach 30 but the company is not good, never paid dividend
champtrade111
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@psyank281, fundamental is not as good to go long term period as i specified earlier ..but stock at oversold level and technical are favorable at present so 20-30% Short term can go up ...one can book profit ..18-20-24. though stock has potential to got beyond but only if quarter result improvements. !
psyank281
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bro now 12 on the way
champtrade111
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@psyank281, lets talk about technical on hourly chart ..14.75 is trendline support, 14.50 is 200 SMA support, unless this major support hold stock will move up once market take support .. !
champtrade111
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@psyank281, on weekly chart breakout candle low is 13.90 so this can be take as make or break level. !
@psyank281, about nifty strong support 16800, 16400 i think 16400 may be retested once there we may find double bottom base of this downtrend. i don't feel it will go bellow 16400.