Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-16 View latest technical analysis

10 day averaged volume of Reliance Power is 33393707

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	27.35	25.95	27.35	25.50	0.52 times
15 Mon Apr 2024	26.05	26.50	26.85	26.00	0.92 times
12 Fri Apr 2024	27.35	26.95	28.35	26.95	1.712 times
10 Wed Apr 2024	28.35	30.10	30.65	28.35	0.827 times
09 Tue Apr 2024	29.80	29.45	30.95	29.45	1.155 times
08 Mon Apr 2024	31.00	32.75	32.75	31.00	0.747 times
05 Fri Apr 2024	32.60	33.90	34.45	31.70	1.813 times
04 Thu Apr 2024	33.35	33.35	33.35	32.65	0.672 times
03 Wed Apr 2024	31.80	30.55	31.80	30.40	0.855 times
02 Tue Apr 2024	30.30	29.30	30.30	28.40	0.746 times

My analysis of stock is bearish for shortterm, and stock might move down till 24.5 or till 20.8. Use a stoploss of 27.69 and if the stock hits stoploss, then it can shoot up till 30.84

Share price targets for Reliance Power (RPOWER_BE)

Target Type	Value
Downside Target	15.65
Downside Target	16.95
Downside Target	19.40
Downside Target	22.30
Downside Target	25.50
Downside Target	26.30
Upside Target	28.40
Upside Target	29.00
Upside Target	30.10
Upside Target	30.20
Upside Target	32.75
Upside Target	34.45

Intraday share price targets for Reliance Power (RPOWER_BE)

Target Type	Value
Downside Intraday Target	26.12
Downside Intraday Target	24.88
Upside Intraday Target	27.97
Upside Intraday Target	28.58
Downside Intraday Target	26.73

Weekly technical analysis of Reliance Power (RPOWER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	27.35	26.50	27.35	25.50	0.324 times
12 Fri Apr 2024	27.35	32.75	32.75	26.95	0.957 times
05 Fri Apr 2024	32.60	28.85	34.45	28.40	1.685 times
28 Thu Mar 2024	28.25	27.60	28.50	26.60	1.542 times
22 Fri Mar 2024	26.30	23.20	26.30	22.45	0.885 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
16 Tue Apr 2024	27.35	28.85	34.45	25.50	1.303 times
28 Thu Mar 2024	28.25	24.45	28.50	19.40	0.923 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

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 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 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 but the sell signal is initial and weak.

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 moving up

CCI has generated a buy signal for Reliance Power in short term but BUY signal is weak.

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 29.83 and Reliance Power (RPOWER_BE) 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_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 positive

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