RELIANCE POWER LTD.
Viés de alta

RPOWER -Cup and Handle -Breakout -Wkly

1324
Reliance Power Ltd. (NSE: RPOWER):

Cup and Handle Pattern: It shows a classic cup and handle breakout, a bullish continuation pattern. The neckline resistance of INR 34.40 was broken, pushing the stock higher.

Target: After this breakout, the stock is targeting the next major resistance at INR 68.13.

Volume: The rise in volume confirms the strength of the breakout.

Support: The level of INR 34.44 will now serve as a key support.

The charts show potential for further gains, but short-term traders should monitor for overbought conditions and pullbacks at key resistance levels.

Aviso legal

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