indiamarketoutlook

RPower: support zone & breakout retest confirmation {Bullish}

Panjang
NSE:RPOWER   RELIANCE POWER
RPower
CMP 48.50

Last time, we were able to capture the stock movement right from 36.80 levels to 62 levels where we highlighted the zone of 58-62 being important



The stock has come down exactly from same levels...

At current levels the charts suggest the stock is back at important support levels & zone of 45-48 may act as strong support ...

Buying at current levels & on dips towards 45 can be considered

Target 82 / 108 levels

Take care & safe trading..!!!


Penafian

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