Stock Information Portal

Price and trend forecast of RPOWER for Tomorrow, Weekly, Monthly

Reliance Power Limited

Symbol: NSE:RPOWER

ISIN: INE614G01033

26.15

As on 2024-05-17

11.05 (52W Low) 34.45 (52W High)

RPOWER's Today's Performance

Reliance Power Limited started the day by opening at 26.00 today 2024-05-17. Its shares reached a high of 26.40 and dipped to a low of 25.85 in intraday. When the markets closed, RPOWER’s stock price settled at ₹26.15 per share. Also check out its key support and resistance levels.

RPOWER Buy/Sell Targets

Tomorrow, buy RPOWER when its price reaches ₹ 26.15 with a stop-loss order at ₹ 25.74. You can set the target price as ₹ 26.56 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of RPOWER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for RPOWER

Downside Targets Value in ₹
Tomorrow Down Target 1 26
Tomorrow Down Target 2 27
Tomorrow Down Target 3 27

Important Levels for RPOWER

Holding Levels Value in ₹
Tomorrow Up Target 1 26
Tomorrow Up Target 2 26
Tomorrow Up Target 3 25
Based on where the stock opens tomorrow, if RPOWER opens on a positive note, our first target will be ₹26. If Target 1 is achieved, we will aim for Target 2 which is ₹27.

But if RPOWER falls below the average value of ₹26.13, you can enter a sell side position with target number 1 - ₹26 and second target - ₹26 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of RPOWER

Looking at RPOWER, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, RPOWER has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for RPOWER is moderate bullish.

Tomorrow's Volume based share price Forecast for RPOWER

RPOWER's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -37%.

Reversal detection for RPOWER

Predicted trend chart of RPOWER tomorrow for price forecast
RPOWER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹26 in morning tomorrow
Target 1 tomorrow26
Target 2 tomorrow26
Target 3 tomorrow27
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with RPOWER's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if RPOWER opens on a positive note, our first target will be ₹26.42. If Target 1 is achieved, we will aim for Target 2 which is ₹26.68.

But if RPOWER falls below the average value of ₹26.13, you can enter a sell side position with target number 1 - ₹25.87 and second target - ₹25.58

RPOWER's Weekly Targets
1st Up Target 27.20
2nd Up Target 28.25
1st Down Target 24.50
2nd Down Target 22.85

As the week for RPOWER ended on bullish sentiments, we can expect further continuation of this sentiment. RPOWER's initial target will be 27.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 24.50 in the upcoming week.

Weekly OHLC Values
Open 25.15
High 26.60
Low 23.90
Close 26.15

Week for RPOWER started with an open price of 25.15, and the close was at 26.15. RPOWER reached the highest of 26.60 and dipped lowest up to 23.90 last week. This indicates a bullish sentiment for the week.

RPOWER full month swing targets
Monthly Up Target 1 29.90
Monthly Up Target 2 30.95
Monthly Down Target 1 21.80
Monthly Down Target 2 17.45

Targets of ₹29.90 can be expected to be reached in the coming month. Once RPOWER achieved this target, we can aim for the next upside target of ₹30.95.

RPOWER if fails to hold upside, down targets of ₹21.80 and ₹17.45 can be achieved by end of this month.

For complete three weeks if RPOWER is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as RPOWER

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

RPOWER is expected to reach the target of 26.42 in tomorrow's trading session.

After achieving the initial target in RPOWER, we will aim for higher targets of 26.68 tomorrow.

However, if RPOWER starts to trade below ₹26.13, then we will shift our focus to the sell side and aim for down targets of 25.87 and 25.58.