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
Green power stock are moving But
Debt 20 k Cr
Market Cap 8 k Cr
ROE minus 11.8% ROCE plus 3.42%
3 years cash flow positive 11 k cr
Daily RSI 52 weekly and monthly above 60
if sustain above 25 then expected level 39
As per chart history and technical analysis, buying opportunity is being seen. This stock has made new consolidation zone and it is retesting before further upside breakout.
I suggest to take entry at CMP or wait for safe buy point as mentioned on the chart.
Do your own research before any trade plan setup because I am not SEBI registered
Thanks for your...
ACTIVATED MY ENTRY LEVEL
Can enter at CMP @31.40
or wait for fall & enter @25.30
Targets - 38,50,65+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any...
Embark on a short-term exploration of RPOWER as we delve into the dynamics of a potential minor pullback, seeking support at an order block, and eyeing a 40 INR target. In this analysis by NEOALGO, we consider the prospect of momentum gaining strength through upside order blocks, presenting a favorable outlook.
This is our personal view and not trading or...
Reliance Power cmp 30.40 by Weekly Chart views
* Rounding Bottom Neckline at 12 to 13
* Multiple Rounding Bottom Neckline at 17.50 to 18.75
* 25.00 to 26.50 Resistance Zone crossed and Price closed above it
* Upside probable target of approx. +/- 55 - 60 by overall depth of all patterns from now current Support Zone 25 to 26.50 earlier...
Weekly chart, Reliance Power stock is trading in an expanding triangle.
After crossing the resistance (blue) line at around 33.1, the target will be 57.3 - passing through some intermediate resistance levels.
Stop loss should be considered after closing below the dashed red line.
Technical indicator MACD is positive, while RSI is in the over-bought zone - which...
Buy reliance power if closes above 24 (Fibonacci level 61.8%). Volume increases and BO of Bollinger band.
Next target is 33.
This idea is for Educational purpose.
Multi-baggers are identified in several ways - based on the Sector they operate, based on Management Conviction, Based on the product portfolio, Global Demand etc...
But identifying a Multi-bagger from "Scrap" is extremely difficult, because by that time people would have made solid impressions that its a "Loser", "Worst Performer" etc...
In the business of...
Megaphone pattern in RPOWER as shown by red line in chart. This is a monthly chart. This is very risky stock. I am holding very little quantity only.
This is for educational purpose only.
I had recommended this share last year for trading and it has hit the target. Last week again the share has given a up flag breakout. Therefore I am recommending it again. One should note that it's a well beaten company and please take necessary precaution before investing in this stock. I am super impressed with the volume based buying happened in past weeks,...
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...
RPOWER has established an expanding channel, currently undergoing testing at the lower boundary. This presents a potential opportunity for a future buyback. We anticipate a price rebound towards the recent swing high observed on the daily timeframe.
