Today's market too went well. The Nifty close of 5180+ is a positive sign and if it sustains above 5225 , the better.
One stock on my radar was Rpower and that gave a good movement today.
RPOWER has broken above it's resistance level of Rs 165 and volumes , though not very large, are on higher side. A follow up buying tomorrow should be a good sign. .
The break out was at Rs 165 (I had discussed this entry level in my recent market analysis during the current workshop). Use price down move to buy at Rs 165 - 166 with a stoploss placed at Rs 150 for a target at Rs 190 - 200 in medium term (few weeks)
Happy trading . .
CA Rajiv D Khatlawala
www.investogyan.com
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