What is the technical trend for Reliance Power?

Jun 09 2025 05:48 PM IST
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As of May 23, 2025, Reliance Power's technical trend is bullish, supported by positive MACD, moving averages, and Bollinger Bands, despite bearish RSI readings indicating some momentum weakness.
As of 23 May 2025, the technical trend for Reliance Power has changed from mildly bullish to bullish. The weekly and monthly MACD indicators are both bullish, supporting the positive trend. The daily moving averages also confirm a bullish stance. However, the weekly and monthly RSI readings are bearish, indicating some weakness in momentum. The Bollinger Bands and KST are bullish on both weekly and monthly time frames, while Dow Theory shows a mildly bullish outlook. Overall, the current technical stance is bullish, with strong support from MACD, moving averages, and Bollinger Bands, despite the bearish RSI readings.
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