RELIANCE POWER LTD.
ロング

Reliance Power India to target 57.3 after crossing resistance

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Weekly chart, Reliance Power stock is trading in an expanding triangle.
After crossing the resistance (blue) line at around 33.1, the target will be 57.3 - passing through some intermediate resistance levels.

Stop loss should be considered after closing below the dashed red line.

Technical indicator MACD is positive, while RSI is in the over-bought zone - which usually indicates a correction is due.

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