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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 2024-02-01 View latest technical analysis

10 day averaged volume of Reliance Power is 12187504

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	29.00	30.10	30.10	28.90	1.4 times
31 Wed Jan 2024	29.80	30.05	30.20	29.00	1.732 times
05 Mon Dec 2022	16.05	16.95	16.95	16.00	1.606 times
02 Fri Dec 2022	16.80	15.95	16.80	15.65	2.002 times
01 Thu Dec 2022	16.00	16.10	16.25	15.85	0.578 times
30 Wed Nov 2022	16.05	15.90	16.40	15.80	1.377 times
29 Tue Nov 2022	15.90	16.05	16.20	15.70	0.577 times
28 Mon Nov 2022	16.00	16.10	16.25	15.90	0.552 times
25 Fri Nov 2022	16.00	15.30	16.00	15.20	1.001 times
24 Thu Nov 2022	15.25	15.30	15.55	15.15	0.232 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 26.2, for a target of 21.3 or 17.2

Share price targets for Reliance Power (RPOWER_BE)

Target Type	Value
Downside Target	14.90
Downside Target	15.45
Downside Target	16.50
Downside Target	17.40
Downside Target	18.15
Downside Target	28.90
Downside 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	19.93
Downside Intraday Target	10.87
Upside Intraday Target	34.13
Upside Intraday Target	39.27
Downside Intraday Target	25.07

Weekly technical analysis of Reliance Power (RPOWER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	29.00	16.95	30.20	16.00	0.932 times
02 Fri Dec 2022	16.80	16.10	16.80	15.65	1.901 times
25 Fri Nov 2022	16.00	15.60	16.00	14.90	1.306 times
18 Fri Nov 2022	15.50	16.00	16.50	15.45	0.731 times
11 Fri Nov 2022	16.00	17.10	17.40	15.60	1.072 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
01 Thu Feb 2024	29.00	30.10	30.10	28.90	0.809 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
30 Wed Nov 2022	16.05	16.20	17.40	14.90	1.243 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 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_BE) ) 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_BE) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 but SELL signal is weak.

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 19.94 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 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.