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NeeteshJain

RPOWER - Powering Up (BUY)

Long
RELIANCE POWER (NSE:RPOWER)  
NeeteshJain  
NSE:RPOWER   RELIANCE POWER
RPOWER NIFTY breakout breakouttrading
7
0
rpower nifty breakout breakouttrading
After observing a breakout at the strong resistance level of 54 with high volume made this one a good buy. The resistance level of 54 was previously touched 4 times and the price action reversed. But in the recent breakout it made a clear breakout from that level, which makes it a clear winner and buyer.

Target: 57-58
SL: 53.30
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