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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 2024-01-04 View latest technical analysis

10 day averaged volume of Reliance Power is 152709159

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	30.40	26.30	31.00	25.90	5.067 times
03 Wed Jan 2024	25.95	24.10	26.35	23.85	3.231 times
02 Tue Jan 2024	24.10	24.10	24.45	23.30	0.975 times
01 Mon Jan 2024	23.95	23.50	24.25	23.30	0.956 times
29 Fri Dec 2023	23.30	22.40	23.40	22.20	0.913 times
28 Thu Dec 2023	22.35	22.65	22.80	22.15	0.288 times
27 Wed Dec 2023	22.60	22.65	23.10	22.40	0.496 times
26 Tue Dec 2023	22.60	22.60	22.90	22.25	0.399 times
22 Fri Dec 2023	22.40	22.80	23.15	22.20	0.575 times
21 Thu Dec 2023	22.70	21.35	23.10	20.60	1.163 times

Stock of Reliance Power (RPOWER) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 27.7, for a target of 25.6 or 23.77

Share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Target	15.55
Downside Target	16.85
Downside Target	17.80
Downside Target	19.55
Downside Target	20.60
Downside Target	22.05
Downside Target	22.85
Downside Target	24.45
Downside Target	24.65
Downside Target	25.20
Upside Target	31.00

Intraday share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Intraday Target	25.47
Downside Intraday Target	20.53
Upside Intraday Target	33.17
Upside Intraday Target	35.93
Downside Intraday Target	28.23

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	30.40	23.50	31.00	23.30	4.881 times
29 Fri Dec 2023	23.30	22.60	23.40	22.15	0.528 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Reliance Power (RPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	30.40	23.50	31.00	23.30	0.559 times
29 Fri Dec 2023	23.30	21.20	25.20	20.60	0.918 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

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 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.

Price action analysis of Reliance Power ( (RPOWER) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Reliance Power in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Reliance Power Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Reliance Power in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26.42 and Reliance Power (RPOWER) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.