- Rpower has been forming a descending triangle, since Oct high.
- Prices have resolved on the downside, with a clear break down below the lower boundary of the triangle.
- The target for this pattern comes around 69, but an important low is at 75.2. So support can be expected in this range of 75-69.
- Keep an eye on the Nifty, for what broader market is doing.
Saturday, February 9, 2013
Rpower - Technical Update
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