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Rpower Breaking Crucial Support

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RELIANCE POWER (NSE:RPOWER)  
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NSE:RPOWER   RELIANCE POWER
RPOWER RELIANCE Support and Resistance
7
4
rpower reliance supportandresistance
It is been observed on daily and weekly chart that the price action breaks and closes below 40 price levels which was acting as crucial support levels. Now, it shall further move down to the next support levels at around 35-33 levels with few weeks. Regards

Target: 35
Stoploss: 41
Risk Reward : 1:2
Dagangan aktif
Dagangan aktif
Komen:
It may further go up as per today's close, Regards

snapshot

In such situation, either a person should hold shorts or buy a CE option to hedge. Just an educational tip. Regards
Dagangan ditutup: hentian tercapai:
Stops reached but still it will good to short it around 42-42.50 levels. Regards

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