sharmagkp

RPOWER LONG ENTRY

Long
sharmagkp Updated   
NSE:RPOWER   RELIANCE POWER
Seems like a healthy pullback RPOWER showing a long opportunity. My entry position was seems quite early but giving a better opportunit now with price at good support level, near 50 Day SMA (blue line) accompanied by price up with big volume and down move with negligible volume. Crossing red line that is 200 D SMA could possibly give much more gain.






Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
Trade active:
Still struggling but now on other side of out trade. Let's see where it go finally.
Trade active:
Trade is going good but seems little weak with upper wick on almost every countable move. Hope for good and stay with it.
Trade active:
From here it can pullback to 14-15 level so can book profit at this level or can continue with trailing SL to entry point (12.80) for next up move, if it shows, that I believe it shall.
Trade closed: target reached:
40% in 111 day, target achieved. :)
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