Hi Fishes !
What are your thoughts about investing in reliance power for long term !
I'm a newbie in stocks .
Any suggestion will be appreciated !

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If you’re a newbie, my 2 cents

Never invest in a stock just coz the price low and has big name attached.

Coming to RPOWER, Fundamentals are not strong for reliance power, in loss since last 3 years, losses are expected to be more due to shortage of coal, poor sales growth, promoter holding is reducing, high debt

Currently the stock is moving from 12-18, so for short term could be a good swing trade. If you want to take position for long term, don’t take big positions may be 1-3% , u can increase ur position after it breaks out 20-22+. If you want to invest in power sector, tata power, power grid are better options

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Yes i was looking for power sector as EV is booming. I'll look into tata power and power grid and other stocks related to EV that you know as of now?
And thank you for your guidance

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