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(RPOWER_BE) Reliance Power complete technical analysis [charts+indicators] | Buy/Sell Reliance Power | (RPOWER_BE) share price targets

Complete technical analysis of Reliance Power (RPOWER_BE) by charts plus indicators, forecast predictions and share price targets for Reliance Power (RPOWER_BE)

Showing technical analysis as on 2024-03-19 View latest technical analysis

10 day averaged volume of Reliance Power is 11941672

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	22.80	23.10	23.80	22.45	1.35 times
18 Mon Mar 2024	23.20	23.20	23.20	22.55	0.992 times
15 Fri Mar 2024	22.10	21.10	22.10	20.55	1.014 times
14 Thu Mar 2024	21.05	19.50	21.30	19.40	2.025 times
13 Wed Mar 2024	20.40	21.50	21.65	20.40	0.759 times
12 Tue Mar 2024	21.45	22.50	22.50	21.45	0.991 times
11 Mon Mar 2024	22.55	23.00	23.40	22.50	0.852 times
07 Thu Mar 2024	22.55	22.20	23.25	22.05	0.743 times
06 Wed Mar 2024	22.30	23.00	23.00	21.90	1.265 times
05 Tue Mar 2024	23.05	23.10	23.65	22.90	0.764 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.9 or till 20.1. Use a stoploss of 23.34 and if the stock hits stoploss, then it can shoot up till 24.81

Share price targets for Reliance Power (RPOWER_BE)

Target Type	Value
Downside Target	14.90
Downside Target	15.65
Downside Target	16.95
Downside Target	17.40
Downside Target	19.40
Downside Target	21.90
Upside Target	23.40
Upside Target	25.00
Upside Target	25.95
Upside Target	27.30
Upside Target	29.00
Upside Target	30.10
Upside Target	30.20

Intraday share price targets for Reliance Power (RPOWER_BE)

Target Type	Value
Downside Intraday Target	22.23
Downside Intraday Target	21.67
Upside Intraday Target	23.58
Upside Intraday Target	24.37
Upside Intraday Target	23.02

Weekly technical analysis of Reliance Power (RPOWER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	22.80	23.20	23.80	22.45	0.415 times
15 Fri Mar 2024	22.10	23.00	23.40	19.40	1.675 times
07 Thu Mar 2024	22.55	23.90	24.15	21.90	0.724 times
02 Sat Mar 2024	23.75	25.70	25.95	22.30	1.294 times
23 Fri Feb 2024	25.60	26.30	27.30	25.00	0.74 times

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	22.80	24.45	24.60	19.40	0.5 times
29 Thu Feb 2024	24.20	30.10	30.10	22.30	13.85 times
31 Wed Jan 2024	29.80	30.05	30.20	29.00	0.414 times
05 Mon Dec 2022	16.05	16.10	16.95	15.65	0.343 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_BE)

Price action analysis of Reliance Power ( (RPOWER_BE) ) 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_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Reliance Power ( (RPOWER_BE) ) 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_BE) ) based on a mid to longer 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.

ADX buy sell signal for Reliance Power stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Reliance Power in short term and the sell 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 red color and prices are in or above the red cloud Prices appear to be coming down

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 22.07 and Reliance Power (RPOWER_BE) 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_BE) stock. Volume based technical analysis of Reliance Power (RPOWER_BE) stock is negative.

Reliance Power Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.