Here is the technical chart of Reliance power, listed on Indian stock exchange, with Ichimoku indicator.

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

The stock closes at Rs.98.95 yesterday, which is just above the kumo. The Chikou-Span (CS) will closes above the kumo, if Rpower manages to CLOSE above Rs.100.50. If that happens, one can surely take long position here with the stop-loss of 98.32 for short term target of 106.40. For medium term, the target is at Rs.119.80, where it will face strong resistance. But overall, the chart looks good even in this kind of volatile market. 

Reliance Power technical Chart | 04-Nov-2011
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