Views on Reliance Power by Mr. Rahul Sharma, Director, Head - Technical & Derivative Research, JM Financial Services Ltd

2025-08-21 05:39:19 pm | Source: JM Financial Services Ltd

Views on Reliance Power by Mr. Rahul Sharma, Director, Head - Technical & Derivative Research, JM Financial Services Ltd

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Below the Views on Reliance Power by Mr. Rahul Sharma, Director, Head - Technical & Derivative Research, JM Financial Services Ltd

"After a sharp fall, which started in July, Reliance Power has consolidated in the Rs. 42–45 band before breaking out this week. An uptick in daily average volumes supports the move, with potential upside towards Rs. 60 in the best case scenario. However, given the stock’s history of circuit-to-circuit moves, traders should position themselves cautiously, with a stop loss around Rs. 41."

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Views on Reliance Power by Mr. Rahul Sharma, Director, Head - Technical & Derivative Research, JM Financial Services Ltd

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