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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 2024-07-22 View latest technical analysis

10 day averaged volume of Reliance Power is 19727152

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	27.10	27.12	27.38	26.60	0.726 times
19 Fri Jul 2024	27.12	27.90	27.90	27.00	0.841 times
18 Thu Jul 2024	27.91	28.60	28.74	27.65	0.602 times
16 Tue Jul 2024	28.49	29.19	29.53	28.35	1.218 times
15 Mon Jul 2024	28.68	27.40	28.68	26.85	1.395 times
12 Fri Jul 2024	27.32	27.81	27.88	27.25	0.625 times
11 Thu Jul 2024	27.66	27.70	28.05	27.50	0.677 times
10 Wed Jul 2024	27.55	28.23	28.27	26.90	0.932 times
09 Tue Jul 2024	28.09	28.41	28.83	28.02	0.947 times
08 Mon Jul 2024	28.33	29.22	29.30	28.11	0.94 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.6, but if it comes above 27.6, then a intra day buy could be more profitable.
If you take a sell trade below 27.6, then use 27.6 as stoploss and 26.7 as target. However if you take a buy trade in stock , then use 27.6 as stoploss and 28.39 as target.

Share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Target	23.30
Downside Target	23.90
Downside Target	26.60
Upside Target	28.02
Upside Target	28.52
Upside Target	29.30
Upside Target	29.38
Upside Target	29.53
Upside Target	30.41
Upside Target	33.11
Upside Target	33.15

Intraday share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Intraday Target	26.67
Downside Intraday Target	26.25
Upside Intraday Target	27.45
Upside Intraday Target	27.81
Downside Intraday Target	27.03

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	27.10	27.12	27.38	26.60	0.179 times
19 Fri Jul 2024	27.12	27.40	29.53	26.85	0.984 times
12 Fri Jul 2024	27.32	29.22	29.30	26.90	0.867 times
05 Fri Jul 2024	29.03	29.38	29.38	28.02	0.781 times
28 Fri Jun 2024	28.93	29.80	30.41	28.52	0.728 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
22 Mon Jul 2024	27.10	29.38	29.53	26.60	0.261 times
28 Fri Jun 2024	28.93	25.75	33.11	23.30	2.797 times
31 Fri May 2024	24.55	27.35	27.45	23.90	3.851 times
30 Tue Apr 2024	27.30	28.45	28.45	27.10	0.028 times

Scroll below to view daily charts

Price has moved down 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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

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 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 27.93 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.