Reliance Power shares on fire! Anil Ambani’s stock jumps 9.22%, but remains down 59% in a year
60-Word AI Digest
Reliance Power shares rose 9.22% on Thursday, extending a weekly gain to 11.21%, but remain 59% below their year-ago level. Analysts say the rebound may be temporary: resistance sits near ₹20–22, while ₹16 is key support. They advise caution until a decisive breakout confirms a trend reversal.
Key Takeaways
- Reliance Power shares rose 9.22% on Thursday, extending a weekly gain to 11.21%, but remain 59% below their year-ago level.
- Analysts say the rebound may be temporary: resistance sits near ₹20–22, while ₹16 is key support.
- They advise caution until a decisive breakout confirms a trend reversal.
Reliance Power shares rose 9.22% on Thursday, extending a weekly gain to 11.21%, but remain 59% below their year-ago level. Analysts say the rebound may be temporary: resistance sits near ₹20–22, while ₹16 is key support. They advise caution until a decisive breakout confirms a trend reversal.
Original Publisher Attribution
This summary was curated from should you buy?.