Business: Reliance Power Share Price Today: 18 September. At 2:01 pm, Reliance Power shares are trading at ₹ 32.98, up 5% from its previous close. Sensex is trading at ₹ 82,908.41, down -0.21%. The stock touched a high of ₹ 32.98 and a low of ₹ 32.98 during the day. Technically, the stock is trading above short-term simple moving averages of 5, 10, 20 days as well as long-term simple moving averages of 50, 100 and 300 days. The SMA value of the stock is shown below:
Simple Daily Moving Average
5 April 30
10 30.16
20 31.58
50 30.54
100 28.93
300 27.44
Classic reversal level analysis shows that the major resistance levels of the stock are Rs 31.94, Rs 32.56 and Rs 33.23 and the major support levels on the daily time frame Rs 0.36 are Rs 30.65, Rs 29.98 and Rs 29.
As of 2:00 pm today, the trading volume of Reliance Power on NSE and BSE was -48.31% lower than the previous trading session. Trading volume and price are important indicators to study trends. Positive price movement on high volume indicates continuation of bullish trend, while negative price movement on high volume may indicate further decline in price.
Overall, the stock is currently in a strong bullish momentum, as per Mint’s technical analysis.
From a fundamental perspective, the company’s ROE is -19.32%.
As per June quarter data, the company has 23.24% promoter stake, 2.67% MF stake and 7.59% FII stake.
FII shares have declined.
