Recent Price Movement and Market Context
Reliance Power’s stock closed at ₹38.20 on 04-Dec, down by ₹0.19 or 0.49% from the previous session. This decline continues a short-term downward trend, with the stock falling nearly 1.95% over the last two days. The recent weekly performance has been notably weaker than the benchmark Sensex, with Reliance Power losing 5.05% compared to the Sensex’s marginal 0.53% decline. Over the past month, the stock has dropped 6.19%, while the Sensex gained 2.16%. Year-to-date, Reliance Power’s returns stand at -10.24%, contrasting sharply with the Sensex’s positive 9.12%.
Technical indicators also highlight the stock’s current weakness. Reliance Power is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signall...
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