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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 2024-01-10 View latest technical analysis

10 day averaged volume of Reliance Power is 279156480

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	30.80	31.55	32.20	30.00	0.292 times
09 Tue Jan 2024	31.30	32.50	32.85	31.00	0.334 times
08 Mon Jan 2024	32.05	31.65	33.15	30.80	0.681 times
05 Fri Jan 2024	31.40	31.35	33.00	30.65	2.46 times
04 Thu Jan 2024	30.40	26.30	31.00	25.90	2.772 times
03 Wed Jan 2024	25.95	24.10	26.35	23.85	1.767 times
02 Tue Jan 2024	24.10	24.10	24.45	23.30	0.533 times
01 Mon Jan 2024	23.95	23.50	24.25	23.30	0.523 times
29 Fri Dec 2023	23.30	22.40	23.40	22.20	0.499 times
28 Thu Dec 2023	22.35	22.65	22.80	22.15	0.158 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.8, but if it comes below 28.8, then a intra day sell could be more profitable.
If you take a sell trade below 28.8, then use 28.8 as stoploss and 25.31 as target. However if you take a buy trade in stock , then use 28.8 as stoploss and 33.1 as target.

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	24.65
Downside Target	25.20
Downside Target	30.00
Upside Target	33.00
Upside Target	33.15

Intraday share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Intraday Target	29.48
Downside Intraday Target	28.17
Upside Intraday Target	32.63
Upside Intraday Target	34.47
Upside Intraday Target	31.32

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	30.80	31.65	33.15	30.00	0.162 times
05 Fri Jan 2024	31.40	23.50	33.00	23.30	7.027 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

Price has moved down 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
10 Wed Jan 2024	30.80	23.50	33.15	23.30	0.935 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 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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Power in short term but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 28.86 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.