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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 2024-01-18 View latest technical analysis

10 day averaged volume of Reliance Power is 212314204

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	29.75	29.70	30.25	27.95	0.311 times
17 Wed Jan 2024	29.85	29.55	30.60	29.15	0.333 times
16 Tue Jan 2024	30.05	30.80	31.55	29.15	0.421 times
15 Mon Jan 2024	30.80	31.05	31.10	30.10	0.213 times
12 Fri Jan 2024	30.90	31.25	31.30	30.50	0.188 times
11 Thu Jan 2024	31.10	31.50	31.85	30.80	0.246 times
10 Wed Jan 2024	30.80	31.55	32.20	30.00	0.385 times
09 Tue Jan 2024	31.30	32.50	32.85	31.00	0.44 times
08 Mon Jan 2024	32.05	31.65	33.15	30.80	0.896 times
05 Fri Jan 2024	31.40	31.35	33.00	30.65	3.235 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 31.2 as stoploss in an intra day sell trade for a target of 27.42. However, stock will show a bullish move above 31.2.

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	23.30
Downside Target	24.65
Downside Target	25.20
Downside Target	27.95
Upside Target	30.00
Upside Target	31.55
Upside Target	33.00
Upside Target	33.15

Intraday share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Intraday Target	27.95
Downside Intraday Target	26.15
Upside Intraday Target	31.55
Upside Intraday Target	33.35
Downside Intraday Target	29.75

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	29.75	31.05	31.55	27.95	0.594 times
12 Fri Jan 2024	30.90	31.65	33.15	30.00	0.203 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

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
18 Thu Jan 2024	29.75	23.50	33.15	23.30	1.065 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 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 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 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. 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 31.16 and Reliance Power (RPOWER) stock is trading below this level. This means that stock is falling with high volumes. 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 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.