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

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

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Reliance Communications is 4065451

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1.85	1.85	1.85	1.75	1.083 times
08 Mon Apr 2024	1.85	1.85	1.90	1.75	1.843 times
05 Fri Apr 2024	1.85	1.85	1.85	1.75	3.2 times
04 Thu Apr 2024	1.80	1.80	1.80	1.80	0.316 times
03 Wed Apr 2024	1.75	1.75	1.75	1.75	0.445 times
02 Tue Apr 2024	1.70	1.70	1.70	1.70	1.272 times
01 Mon Apr 2024	1.65	1.65	1.65	1.65	0.775 times
26 Tue Mar 2024	1.70	1.70	1.70	1.70	0.952 times
18 Mon Mar 2024	1.75	1.75	1.75	1.75	0.605 times
11 Mon Mar 2024	1.80	1.80	1.80	1.80	0.258 times

My analysis of stock is bearish for shortterm, and stock might move down till 1.7 or till 1.6. Use a stoploss of 1.88 and if the stock hits stoploss, then it can shoot up till 2.02

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.65
Downside Target	1.70
Downside Target	1.75
Downside Target	1.80
Downside Target	1.85
Upside Target	1.90
Upside Target	2.10
Upside Target	2.20
Upside Target	2.30

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	1.77
Downside Intraday Target	1.68
Upside Intraday Target	1.92
Upside Intraday Target	1.98
Downside Intraday Target	1.83

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1.85	1.85	1.90	1.75	0.487 times
05 Fri Apr 2024	1.85	1.65	1.85	1.65	3.86 times
26 Tue Mar 2024	1.70	1.75	1.75	1.70	6.023 times
11 Mon Mar 2024	1.80	1.80	1.80	1.80	0.776 times
04 Mon Mar 2024	1.90	1.90	1.90	1.90	0.209 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1.85	1.65	1.90	1.65	4.159 times
26 Tue Mar 2024	1.70	1.90	1.90	1.70	0.194 times
26 Mon Feb 2024	2.00	1.80	2.20	1.80	0.677 times
29 Mon Jan 2024	1.75	2.00	2.10	1.75	2.174 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Reliance Communications (RCOM_BE)

Price action analysis of Reliance Communications ( (RCOM_BE) ) 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_BE) ) 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_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 SELL signal for Reliance Communications in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Reliance Communications Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.79 and Reliance Communications (RCOM_BE) 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_BE) stock. Volume based technical analysis of Reliance Communications (RCOM_BE) stock is negative.

Reliance Communications Stock has given negative 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.