⭐ *RELIANCE POWER LTD* ----------------------------- The Chart here is a Life time Price Action of The Stock, Started in 2008... With a Euphoria and The Biggest IPO of that Time !! I Personally had to file IPO for Many Clients as a Sub-Broker during that time ... All Paper Work and Physical Applications with complex work of documentation. I Managed to Save Many Clients in that period by convincing them to avoid the IPO, But You know how Retail Clients work, If you tell them to avoid, they will definitely need to File !! The Stock Corrected all the way to a Low of Rs. 1 Only. This was during the Covid Times. After a Long Struggle, The stock has managed to consolidate and create a Rounding Bottom Structure, This Structure is developed over a Very long period of nearly 10 years. The Neckline of the Rounding Bottom was around Rs. 53, Last Monthly Candle was a Solid Strength Candle giving breakout above the Neckline. Now Current Month Candle is Completely above the neckline as of now and We may expect it to Stay above the Neckline for the month. But I do Not Rule Out the Possibility of Stock Pulling back below the Neckline To Hunt For the Stoploss of the Retail Traders. The Rounding Bottom Breakout shows a Technical Target of Rs. 50 above the Neckline, i.e. Rs. 103 as Price Target. We can see a Resistance around this Level, Alongwith it a Resistance is also placed around 75-77 levels. Technically We can Expect a Move Towards 75-77, The Resistance will Act and then a Pullback for retesting of the breakout level around 55, Then again a Reversal and Strong Move Towards 100+ levels. This is Expected Price Action, Not Necessary That this will be the path of the Price Movement in coming days. The Recommendation here : Reliance Power Ltd. Buy / Accumulate Buy Range : 55-58 Stoploss : Close Below 40 Targets : 75 - 77 - 80 - 88 - 99 - 104 Do Not Jump in the Stock at Random Levels without Considering The risk of Pullback and Stoploss Hunting by Biggies. > 👉 *DISCLAIMER* : The Stock is Recommended to Our Clients in *Millionaire Momentum* for Investment around 30-31 when there was no Setup on charts !! This was a Recommendation for the HNI Segment. This is a Specialised Service for HNI Clients. We Haven't Booked Profit yet, We will be Booking Profit Later at Some Point. > If You Want this Kind of Investment Trades .. We Have Now Opened *Millionaire Momentum (2.0)* for the Entries, Join now and get 10 such Stocks Which Multiply your Wealth. * Follow Risk Management * Consider Risk Before Investing * Consult Your Financial Adviser before Entry. * This Advice may be Biased as We have Big Positions in this Stock with our clients. *ATUL SHINDE* _For Pratham Investment Managers_ --------------------------------------- If you Loved Reading the Analysis and the recommendation, Share it with your Friends, Family and Colleagues. Ask them to Join our Channel .. Click the Link to Join 👇 https://whatsapp.com/channel/0029Va9ZxMHAe5VvvPz7Z31w