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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 2024-02-08 View latest technical analysis

10 day averaged volume of Reliance Power is 18720895

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	28.55	27.70	28.70	27.30	1.473 times
07 Wed Feb 2024	27.35	25.35	27.35	25.35	1.661 times
06 Tue Feb 2024	26.05	26.05	26.70	26.05	0.841 times
05 Mon Feb 2024	27.40	27.40	27.40	27.40	0.838 times
02 Fri Feb 2024	28.80	29.50	29.60	28.55	0.999 times
01 Thu Feb 2024	29.00	30.10	30.10	28.90	0.912 times
31 Wed Jan 2024	29.80	30.05	30.20	29.00	1.127 times
05 Mon Dec 2022	16.05	16.95	16.95	16.00	1.046 times
02 Fri Dec 2022	16.80	15.95	16.80	15.65	1.303 times
01 Thu Dec 2022	16.00	16.10	16.25	15.85	0.376 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.1, but if it comes below 26.1, then a intra day sell could be more profitable.
If you take a sell trade below 26.1, then use 26.1 as stoploss and 20.1 as target. However if you take a buy trade in stock , then use 26.1 as stoploss and 33.2 as target.

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	25.35
Upside Target	28.70
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	26.37
Downside Intraday Target	24.18
Upside Intraday Target	29.72
Upside Intraday Target	30.88
Downside Intraday Target	27.53

Weekly technical analysis of Reliance Power (RPOWER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	28.55	27.40	28.70	25.35	1.179 times
02 Fri Feb 2024	28.80	16.95	30.20	16.00	1.234 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	28.55	30.10	30.10	25.35	5.965 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, and volume has increased substantially. This means that the move can 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 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 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 gaining 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 but buying is losing 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 25.14 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.