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RPOWER – NARROWING THE RANGE NOW – SEE WHAT EFFECT WE CAN SEE ON CHART

rpower

Buy RPOWER above 73 {very small qty} also buy above 75 if cross and close with sl of 68 on closing basis target 80-85-90

as per the technical chart development we can see that, there is a development of “ASCENDING TRIANGLE” on chart as it kept its high in a range of 79-82 level with rising bottom from past 5 month.

presently stock able to take support on downside trendline.

as per the chart RSI was also taken support in past period but with recent chart we can see that it able to move below support level, but not able to see weakness in price, this is also a kind of DIVERGENCE, so there are always big changes that price will drag the indicator as per the movement, indicator never decide the direction, it only gives support to understand the direction.

so if price able to move above our given levels with sustaining the support then we can see up move in this stock.

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