At 11 Sep 11:19 today, Reliance Power shares are trading at price ₹30.62, 1.96% up from the previous closing price. Sensex is trading at ₹82029.59, up by 0.13%. The stock has hit a high of ₹30.65 and a low of ₹29.91 during the day.
On the technical front, the stock is trading above the 5,50,100,300 days SMA & lower than the 10,20 day SMA. The stock will have support at 5,50,100,300 days SMA & face resistance at 10,20 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹30.58, ₹31.13, & ₹31.58, whereas it has key support levels at ₹29.58, ₹29.13, & ₹28.58.
Till 11 AM today, the volume traded on NSE & BSE for Reliance Power was -49.45% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Following a strong uptrend, the stock is indicating signs of a reversal.
From a fundamental analysis perspective, the company has a ROE of -19.32%
The company has a 23.24% promoter holding, 2.67% MF holding, & 7.59% FII holding as per filings in the june quarter.
The MF holding has
The FII holding has decreased from 7.89% in march to 7.59% in june quarter.
Reliance Power share price up 1.96% today to trade at ₹30.62 while its peers are mixed. Its peers such as Jaiprakash Power Ventures, Kpi Green Energy are falling today, but its peers Waaree Renewable Technologies, Nava are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.11% & 0.13% each respectively.
