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RPower: On The Eve Of Q4 Earnings


Reliace Power has just reversed after touching the supply line drawn in the chart connecting the two highs of 61.25 and 56.45.

The stock of RPower, before breaching out of the supply line and start new bull rally, is trying to test the patience of the investor who have been invested in the stock since the Initial Public offerings or of those who might have invested in the stock on the higher price after the listing of the stock on Indian bourses.



The stock may try to touch the upper resistance/supply line before it starts moving further down.

Disclamer:

All views, charts, comments, post or any materials of any kind discussed, published, posted and/or commented are for educational purpose only and not meant to be an advice to trade nor does it or the publisher of it guarantee any sort of return or the correctness of the post or any materials.

Undertake proper research and advice of your investment consultant before taking any trade.

Trade at your own risk.

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