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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 2024-01-23 View latest technical analysis

10 day averaged volume of Reliance Power is 64054348

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	28.55	30.40	30.60	28.30	0.966 times
22 Mon Jan 2024	30.15	29.70	31.05	29.05	0.908 times
19 Fri Jan 2024	29.55	29.80	30.25	29.25	0.687 times
18 Thu Jan 2024	29.75	29.70	30.25	27.95	1.031 times
17 Wed Jan 2024	29.85	29.55	30.60	29.15	1.104 times
16 Tue Jan 2024	30.05	30.80	31.55	29.15	1.394 times
15 Mon Jan 2024	30.80	31.05	31.10	30.10	0.707 times
12 Fri Jan 2024	30.90	31.25	31.30	30.50	0.622 times
11 Thu Jan 2024	31.10	31.50	31.85	30.80	0.815 times
10 Wed Jan 2024	30.80	31.55	32.20	30.00	1.275 times

My analysis of stock is bullish for shortterm, and stock might move up till 31.7 or till 35.6. Use a stoploss of 28.45 and if this stock hits its stoploss, then it can fall down till 25.2

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	25.20
Downside Target	27.95
Upside Target	30.00
Upside Target	31.05
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	27.55
Downside Intraday Target	26.55
Upside Intraday Target	30.3
Upside Intraday Target	32.05
Upside Intraday Target	29.3

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	28.55	29.70	31.05	28.30	0.381 times
19 Fri Jan 2024	29.55	31.05	31.55	27.95	0.69 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

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
23 Tue Jan 2024	28.55	23.50	33.15	23.30	1.124 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 but buying is losing 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 30.12 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.