June 12, 2025: Shares of Reliance Power Ltd., a midcap in the Power – Generation/Distribution sector, ended the day marginally lower at ₹71.4, down 0.39%. Despite today’s minor dip, the stock remains one of the most explosive performers on the BSE this quarter.
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Trading in a range between ₹68.01 and ₹72.2 during the session, the stock is just shy of its 52-week high of ₹76.49, reflecting strong investor sentiment and continued interest in energy-related counters.
📈 Technical Check: Testing Resistance After Rapid Ascent
The daily pivot for Reliance Power is set at ₹69.44, with price movement hovering above this level. The stock is facing near-term resistance at:
- R1: ₹70.49
- R2: ₹72.43
- R3: ₹73.48
Support levels are placed at:
- S1: ₹67.50
- S2: ₹66.45
- S3: ₹64.51
The short-term moving averages (SMA/EMA) indicate a strong bullish trend:
- 5-day SMA/EMA: ₹61.39 / ₹64.74
- 10-day SMA/EMA: ₹58.18 / ₹60.76
- 20-day SMA/EMA: ₹52.08 / ₹55.47
Longer-term averages also support the bullish outlook, with the 200-day EMA at ₹40.46, far below current levels—signaling an extended uptrend.
📊 Performance Overview: Among the Top Midcap Gainers
Reliance Power has outshined many of its peers across all timeframes:
- 1-week: +13.59%
- 1-month: +61.8%
- 3-month: +105.34%
- 6-month: +49.65%
- 1-year: +119.47%
- 3-year: +437.27%
- 5-year: +2582.17%
In contrast, NTPC, a major sector player, has posted a 1-year return of -9.05% and a 5-year return of 248.38%, highlighting Reliance Power’s outperformance.
🔍 Investor Takeaway: Overheated or Undervalued?
The stock’s meteoric rise, especially over the last quarter, has caught the market’s attention. However, the recent sideways move may signal consolidation before the next leg up—or a potential correction if broader market sentiment weakens.
With momentum favoring bulls, Reliance Power could continue to test upper resistance levels if it holds above key support zones near ₹67. Long-term investors may still find value, but short-term traders should watch for volume confirmation on any breakout above ₹73.