RELIANCE POWER : Stock has witnessed three white soldiers pattern on daily charts. The three white soldiers candlestick pattern acts as a bullish reversal 82% of the time.

RELIANCE POWER

Last close 37.95

Stock has witnessed three white soldiers pattern on daily charts. It is possible for this pattern to be almost too robust. Now we see this stock will overextend bullishness by pushing too hard too quickly. The three white soldiers candlestick pattern acts as a bullish reversal 82% of the time. We recommend buying keeping stop loss of Rs.35 for an immediate target of Rs.41, 44.50. Swing traders will soon see the price of Rs.49……….Just grab it and stay invested.