Reliance Power stock rallies 18%; Supertrend indicator triggers ‘buy’

Reliance Power stock rallies 18%; Supertrend indicator triggers ‘buy’

Reliance Power Ltd, part of the power generation space, rallied over 18% in intraday trade on Friday, supported by strong volumes. The momentum also triggered a buy on the Supertrend indicator on the weekly charts, which is a positive sign for the bulls. The Supertrend indicator is a trend-following technical analysis tool that helps traders … Read more