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(RPOWER) Reliance Power complete technical analysis [charts+indicators] | Buy/Sell Reliance Power | (RPOWER) share price targets

Complete technical analysis of Reliance Power (RPOWER) by charts plus indicators, forecast predictions and share price targets for Reliance Power (RPOWER)

Reliance Power trades in NSE in Electric Utilities sector.

Showing technical analysis as on 2023-12-26 View latest technical analysis

10 day averaged volume of Reliance Power is 139695600

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Dec 2023	22.60	22.60	22.90	22.25	0.436 times
22 Fri Dec 2023	22.40	22.80	23.15	22.20	0.629 times
21 Thu Dec 2023	22.70	21.35	23.10	20.60	1.271 times
20 Wed Dec 2023	21.40	23.90	24.20	20.85	1.097 times
19 Tue Dec 2023	23.75	23.80	24.65	23.65	0.792 times
18 Mon Dec 2023	23.80	23.35	24.00	23.10	0.546 times
15 Fri Dec 2023	23.60	23.90	24.25	23.40	0.646 times
14 Thu Dec 2023	23.85	23.95	24.30	23.55	0.81 times
13 Wed Dec 2023	23.80	23.30	23.95	23.00	1.128 times
12 Tue Dec 2023	23.20	24.70	24.80	22.85	1.317 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.5 or till 20.1. Use a stoploss of 22.68 and if the stock hits stoploss, then it can shoot up till 23.84

Share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Target	15.55
Downside Target	16.25
Downside Target	16.85
Downside Target	17.80
Downside Target	19.55
Downside Target	20.60
Downside Target	21.65
Upside Target	22.85
Upside Target	22.90
Upside Target	23.75
Upside Target	24.45
Upside Target	24.65
Upside Target	25.20

Intraday share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Intraday Target	22.27
Downside Intraday Target	21.93
Upside Intraday Target	22.92
Upside Intraday Target	23.23
Downside Intraday Target	22.58

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Dec 2023	22.60	22.60	22.90	22.25	0.101 times
22 Fri Dec 2023	22.40	23.35	24.65	20.60	0.765 times
15 Fri Dec 2023	23.60	24.35	25.20	22.85	0.789 times
08 Fri Dec 2023	23.95	21.10	24.45	20.65	2.491 times
01 Fri Dec 2023	20.85	21.00	21.65	20.65	0.722 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Reliance Power (RPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Dec 2023	22.60	21.20	25.20	20.60	0.833 times
30 Thu Nov 2023	21.15	16.90	23.75	16.85	2.717 times
31 Tue Oct 2023	17.10	19.30	19.55	15.55	0.471 times
29 Fri Sep 2023	19.25	19.30	22.05	17.80	0.651 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Reliance Power (RPOWER)

Price action analysis of Reliance Power ( (RPOWER) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Reliance Power ( (RPOWER) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Reliance Power ( (RPOWER) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Reliance Power ( (RPOWER) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Reliance Power stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Reliance Power in short term but the sell signal is initial and weak.

Reliance Power Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Reliance Power in short term

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Reliance Power is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.07 and Reliance Power (RPOWER) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Reliance Power (RPOWER) stock. Volume based technical analysis of Reliance Power (RPOWER) stock is negative.

Reliance Power Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.