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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 2024-08-02 View latest technical analysis

10 day averaged volume of Reliance Power is 52398165

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	34.54	32.25	34.54	31.88	1.897 times
01 Thu Aug 2024	32.90	33.39	34.48	32.27	2.86 times
31 Wed Jul 2024	32.84	31.59	32.84	31.36	1.514 times
30 Tue Jul 2024	31.28	31.50	31.80	30.87	1.035 times
29 Mon Jul 2024	31.25	30.34	31.25	30.03	1.372 times
26 Fri Jul 2024	29.77	30.48	30.58	29.40	1.059 times
25 Thu Jul 2024	29.69	28.28	29.69	28.25	0.881 times
24 Wed Jul 2024	28.28	26.99	28.28	26.91	0.247 times
23 Tue Jul 2024	26.94	27.20	27.69	25.75	0.441 times
22 Mon Jul 2024	27.10	27.12	27.38	26.60	0.273 times

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 34, for a target of 31.4 or 29.24

Share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Target	23.30
Downside Target	23.90
Downside Target	25.75
Downside Target	26.85
Downside Target	28.02
Downside Target	29.30
Downside Target	30.03
Downside Target	30.58
Downside Target	31.88
Downside Target	32.84
Downside Target	33.11
Downside Target	34.54

Intraday share price targets for Reliance Power (RPOWER)

Target Type	Value
Downside Intraday Target	31.53
Downside Intraday Target	28.53
Upside Intraday Target	36.04
Upside Intraday Target	37.55
Downside Intraday Target	33.04

Weekly technical analysis of Reliance Power (RPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	34.54	30.34	34.54	30.03	2.992 times
26 Fri Jul 2024	29.77	27.12	30.58	25.75	1.9 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

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
02 Fri Aug 2024	34.54	33.39	34.54	31.88	0.407 times
31 Wed Jul 2024	32.84	29.38	32.84	25.75	0.594 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

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 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 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

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 31.83 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.