REL Power : Pretty decent recovery from the support of 33
REL Power : Pretty decent recovery from the support of 33 in a month , today almost at the previous high of recent days Sitting at a major resistance as seen on the chart .
(Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
RPOWER trade ideas
REL Power : Holding up quite nicely above Supertrend REL Power : Holding up quite nicely above Supertrend on a Monthly time frame since May 2021 .
53 is an important level to test .
( Monthly Time Frame)
May 2015 : Below Supertrend
May 2021 : Above Supertrend
May 2025 : It seems like it will continue to hold and remain above Supertrend
MACD looks quite strong on a Monthly time frame .
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
REL Power : An important milestone achieved, MACD touched 0 REL Power : An important milestone achieved on a 3 months time frame , MACD touched 0 .
On a daily time frame it is already in a Buy trajectory and sitting at the resistance bands .
50 to 70 are the important resistance levels for the REL Power's upcoming journey .
MACD ,200 SMA are both favourable on a Daily time frame
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
Reliance Power Breakout Alert!Reliance Power has broken out of a long-term downtrend resistance 📊💥. After multiple rejections, the price has finally closed above the trendline, signaling potential upside momentum!
🔹 CMP: ₹42.97 (+8.87%)
🔹 Resistance Turned Support: ₹44.19
🔹 Target 1: ₹53.64 (+25%)
🔹 Target 2: ₹64 (+48%)
🔹 Stop-loss: Below ₹36 for risk management
💡 Breakout Confirmation:
✅ Strong volume spike 📊
✅ Retest of resistance zone
✅ Higher highs forming
📢 Strategy: If the price sustains above ₹44, we may see a strong rally towards ₹53 and beyond! 📈 Keep an eye on price action & volume confirmation! 🔥
🔁 Share with fellow traders & comment your views! 💬👇
RPOWER ready for a turnaround?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
RPOWER - Reliance Power - An Opportunity to BuyAs 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 suppost as always
RELIANCE POWER LONGTERM INVESTMENTACTIVATED 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 profit/loss you made.
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HAPPY TRADING 👍
RPOWER: Minor Pullback, Major Potential! 🚀💹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 investing advice. The anticipation of a minor pullback finding support at an order block suggests potential short-term high returns, creating an optimistic scenario.
Exercise caution. NEOALGO is not SEBI registered, and investors should conduct thorough research. Decisions made directly impact potential profit or loss.
Explore the short-term opportunities, consider the potential momentum in RPOWER, and reflect on our optimistic outlook detailed in this analysis. 📊🎯 #RPOWER #ShortTermMomentum #HighReturnOpportunities #PersonalView
Bullish On Power Sector , R Power 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 Resistance Zone
Disclaimer Educational Purpose Only
Reliance Power India to target 57.3 after crossing resistanceWeekly 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 usually indicates a correction is due.
The Least Expected Multi-Bagger - RPowerMulti-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 stock market - we can't afford to have Pre-judgements about particular stock, sector. The only thing that defines growth & future is "Support and Resistance" Levels. When a stock sky-rockets in short time, we call it best performer - without realizing the fact that it is NOT forming any Support levels behind it. (Example: IRCTC, IEX etc...) - Everyone wants a share of the company in FOMO. But when it falls - there is no support to catch it - everyone starts shouting, yelling, cursing the stock as "Worst Performer". Forget Emotions - Trade with understanding how a stock has to Grow & Fall. You will be able to Mine the Multi-bagger
One such Script is RPower (Reliance Power).
2 Major Decisive Breakouts on Monthly
1) Multi-Year Falling Parallel Channel BO above 25
2) Cup and Handle BO above same 25 level
Just look at the Volume Builtup on Monthly to confirm the structure
It has reached the 1st target of 29 (provided as part of previous patterns on September). Now the next Targets are 37, 45
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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