Reliance Power shares on fire! Anil Ambani’s stock jumps 9.22%, but remains down 59% in a year – should you buy?

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.