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NeeteshJain

Rpower Breaking Crucial Support

Short
RELIANCE POWER (NSE:RPOWER)  
NeeteshJain Aggiornato   
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
Trade attivo
Trade attivo
Commento:
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
Trade chiuso: stop raggiunto:
Stops reached but still it will good to short it around 42-42.50 levels. Regards

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