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(RCOM) Reliance Communications complete technical analysis [charts+indicators] | Buy/Sell Reliance Communications | (RCOM) share price targets

Complete technical analysis of Reliance Communications (RCOM) by charts plus indicators, forecast predictions and share price targets for Reliance Communications (RCOM)

Reliance Communications trades in NSE in Telecom Services sector.

10 day averaged volume of Reliance Communications is 6919076

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue May 2022	2.60	2.70	2.70	2.60	0.391 times
23 Mon May 2022	2.65	2.75	2.75	2.65	0.439 times
20 Fri May 2022	2.70	2.70	2.80	2.70	0.771 times
19 Thu May 2022	2.65	2.70	2.70	2.60	0.609 times
18 Wed May 2022	2.75	2.85	2.90	2.70	1.014 times
17 Tue May 2022	2.80	2.65	2.85	2.60	1.233 times
16 Mon May 2022	2.60	2.50	2.65	2.45	0.903 times
13 Fri May 2022	2.45	2.30	2.50	2.30	1.512 times
12 Thu May 2022	2.30	2.40	2.40	2.20	1.552 times
11 Wed May 2022	2.40	2.55	2.60	2.35	1.083 times

My analysis of stock is bearish for shortterm, and stock might move down till 2.5 or till 2.3. Use a stoploss of 2.65 and if the stock hits stoploss, then it can shoot up till 2.79

Share price targets for Reliance Communications (RCOM)

Target Type	Value
Downside Target	2.20
Downside Target	2.45
Downside Target	2.50
Downside Target	2.60
Upside Target	2.75
Upside Target	2.90
Upside Target	3.20
Upside Target	3.90
Upside Target	4.25
Upside Target	4.70

Intraday share price targets for Reliance Communications (RCOM)

Target Type	Value
Downside Intraday Target	2.55
Downside Intraday Target	2.5
Upside Intraday Target	2.7
Upside Intraday Target	2.8
Upside Intraday Target	2.65

Weekly technical analysis of Reliance Communications (RCOM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue May 2022	2.60	2.75	2.75	2.60	0.183 times
20 Fri May 2022	2.70	2.50	2.90	2.45	0.73 times
13 Fri May 2022	2.45	2.65	2.65	2.20	1.528 times
06 Fri May 2022	2.65	2.75	2.80	2.50	0.954 times
29 Fri Apr 2022	2.75	2.85	2.90	2.75	0.456 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Reliance Communications (RCOM)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Tue May 2022	2.60	2.75	2.90	2.20	0.558 times
29 Fri Apr 2022	2.75	2.70	3.20	2.65	4.518 times
31 Thu Mar 2022	2.65	2.60	2.75	2.60	0.445 times
03 Mon Jan 2022	4.25	3.95	4.25	3.90	0.069 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Reliance Communications (RCOM)

Price action analysis of Reliance Communications ( (RCOM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Reliance Communications ( (RCOM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Reliance Communications ( (RCOM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Reliance Communications ( (RCOM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Reliance Communications stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Reliance Communications in short term but the buy signal is initial and weak.

Reliance Communications Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Communications in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Reliance Communications is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.56 and Reliance Communications (RCOM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Reliance Communications (RCOM) stock. Volume based technical analysis of Reliance Communications (RCOM) stock is negative.

Reliance Communications Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.