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Rpower Breaking Crucial Support

Oleh NeeteshJain
Diupdate
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
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Catatan
It may further go up as per today's close, Regards

cuplikan

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

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