Reliance Power share are up by 5%, Nifty up by 1.48%

Reliance Power Share Price Today on : At 20 Sep 16:00 today, Reliance Power shares are trading at price ₹36.35, 5% up from the previous closing price. Sensex is trading at ₹84544.31, up by 1.63%. The stock has hit a high of ₹36.35 and a low of ₹35.86 during the day.

On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

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 ₹36.61, ₹36.89, & ₹37.43, whereas it has key support levels at ₹35.79, ₹35.25, & ₹34.97.

Till 4 PM today, the volume traded on NSE & BSE for Reliance Power was 94.90% higher 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, The stock is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company has a ROE of -19.32% .

Reliance Power share price has gained 5% today to trade at ₹36.35 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are up 1.48% & 1.63% each respectively.