shivanimotipara

RPOWER ready for a turnaround?

Long
shivanimotipara Updated   
NSE:RPOWER   RELIANCE POWER
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
Trade closed: target reached:
1st target achieved, exiting position, may re enter if momentum resumes

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