See lower levels in Reliance Power: Sukhani

See lower levels in Reliance Power, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Everything has broken down. 10 Nifty stocks are carrying up. Almost all other charts are in very terrible shape. Reliance Power is saying that it is breaking all earlier support levels and going further down. It’s a horrible chart.”

At 10:27 hrs Reliance Power was quoting at Rs 81.75, down Rs 1.20, or 1.45%. It has touched an intraday high of Rs 82.85 and an intraday low of Rs 81.35.

The share touched its 52-week high Rs 139.40 and 52-week low Rs 79.15 on 06 March, 2012 and 31 August, 2012, respectively. Currently, it is trading 41.36% below its 52-week high and 3.28% above its 52-week low. Market capitalisation stands at Rs 22,931.91 crore.