Reliance Power - 24th Dec

Today's Opening - 147

Today's High - 149

Today's Low - 146

Today's Closing - 147

Previous Day's Opening - 146

Previous Day's High - 148

Previous Day's Low - 145

Previous Day's Closing - 147

Flattish closing with lower volumes. The stock is taking support at the 20-day Exponential Moving Average of 146.

The 14-day Positive Directional Index has been stronger than the Negative Directional Index for the past two days.

The 20-day Commodity Channel Index has been above zero for the past two days.

The 3, 10-day Moving Average Convergence Divergence has turned positive for the first time since 11th Dec.

The 2-day RSI Index has been above 98% for the past two days.

Since 7th Dec, the closing candle has been below the Ichimoku Kinko Hyo cloud.

The stock has a tough resistance at 149, above which a breakout is indicated. On the lower side though, the stock has an immediate support at the 20-day Exponential Moving Average level of 146 and then at 141.

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