RPOWER On The Weekly Timeframe

Wait 5 sec.

RPOWER On The Weekly TimeframeReliance Power LimitedNSE_DLY:RPOWERALICEBLUERegarding the overall current trend, the chart highlights a trend shift after a ten month stagnation and decline. After hitting a major peak in late 2024 or early 2025, the stock plummeted by minus 42.83 points (or minus 67.98 percent) into a long-term bottom in early 2026. The stock is currently undergoing an initial bullish breakout phase, with the price trading at 27.63 INR as it pushes out of its long-term accumulation base. For the bullish indicators and targets, the stock has established a retracement or accumulation zone between roughly 25.50 INR and 27.50 INR. The 7-week Exponential Moving Average (EMA) is currently at 27.35 INR, acting as an immediate dynamic support line just below the current market price. The Supertrend (1W 7 2) is strongly bullish, situated lower at 22.97 INR to provide a structural safety net. The chart identifies a resistance breakout scenario (Buy Above) zone right around 28.68 INR, where crossing this key level opens up upward momentum toward a primary target of 45.07 INR and a full target of 55.00 INR. Accumulation Zone: 25.50 INR – 27.50 INR Immediate Support: 27.35 INR (7-week EMA) Macro Stop Loss: 22.97 INR (Weekly Supertrend) Breakout Trigger: Sustained weekly close above 28.68 INR Primary Target: 45.07 INR Full Target: 55.00 INR Downside Risk: Failure at 28.68 INR leads back to consolidation in the 24.69 – 27.53 INR range Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/