RPOWER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of Reliance Power Ltd (RPOWER)

📊 Trend Overview

Current Trend: The stock is in a mild downtrend, trading below its 50-DMA (₹49.8) and hovering just above its 200-DMA (₹47.2). This suggests weakening momentum and a potential test of long-term support.

52-Week Positioning: At 35.8% of its 52-week range (₹31.3 – ₹76.5), the stock is in the lower zone, reflecting significant downside from peak levels and limited bullish conviction.

📈 Momentum Indicators

RSI (49.1): Neutral to slightly bearish. Indicates lack of momentum and indecision among traders.

MACD (-0.67): Bearish. Negative crossover confirms fading momentum and absence of bullish signals.

Volume: Current volume (1.76 Cr.) is below the 1-week average (2.55 Cr.), suggesting reduced participation and waning interest.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating near its 200-DMA, forming a narrow range between ₹46 and ₹50. A breakdown below ₹47 could trigger further downside.

Support Levels

₹47.2 – 200-DMA and immediate support

₹44 – psychological support and prior base

Resistance Levels

₹49.8 – 50-DMA and short-term ceiling

₹53–₹56 – previous breakdown zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This reflects low volatility and a potential squeeze setup—watch for volume expansion to confirm direction.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 45–47 Near 200-DMA and support zone

Exit (Short) 49–50 Resistance zone, near 50-DMA

Exit (Long) 53–56 If breakout sustains above ₹50

🔍 Market Behavior

Trending: Mild downtrend, confirmed by MACD and price below 50-DMA.

Consolidating: Yes, price is range-bound between ₹45–₹50.

Reversing: Not yet. Indicators suggest continued weakness unless RSI rebounds and MACD flattens.

🧠 Summary

RPOWER is technically weak, trading near its 200-DMA with bearish momentum confirmed by MACD and RSI. Volume trends are soft, and price action suggests consolidation with a bearish bias. Traders may consider speculative accumulation near ₹45–₹47 with tight stop-losses and watch for a breakout above ₹50 for confirmation of trend reversal toward ₹56.

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