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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 2024-04-23 View latest technical analysis

10 day averaged volume of Reliance Communications is 6006959

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	1.75	1.70	1.75	1.65	0.759 times
22 Mon Apr 2024	1.70	1.70	1.70	1.65	0.756 times
19 Fri Apr 2024	1.70	1.75	1.75	1.70	1.032 times
18 Thu Apr 2024	1.75	1.75	1.75	1.70	0.779 times
16 Tue Apr 2024	1.70	1.65	1.70	1.60	0.61 times
15 Mon Apr 2024	1.65	1.70	1.70	1.65	0.936 times
12 Fri Apr 2024	1.70	1.75	1.75	1.70	0.529 times
10 Wed Apr 2024	1.75	1.85	1.85	1.75	1.213 times
09 Tue Apr 2024	1.85	1.85	1.85	1.75	0.733 times
08 Mon Apr 2024	1.85	1.85	1.90	1.75	1.247 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 1.77 and if the stock hits stoploss, then it can shoot up till 1.86

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.60
Downside Target	1.65
Downside Target	1.70
Downside Target	1.75
Upside Target	1.80
Upside 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	1.68
Downside Intraday Target	1.62
Upside Intraday Target	1.78
Upside Intraday Target	1.82
Downside Intraday Target	1.72

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	1.75	1.70	1.75	1.65	0.451 times
19 Fri Apr 2024	1.70	1.70	1.75	1.60	0.902 times
12 Fri Apr 2024	1.70	1.85	1.90	1.70	0.915 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

Price has moved up 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
23 Tue Apr 2024	1.75	1.65	1.90	1.60	8.708 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 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_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Reliance Communications ( (RCOM_BE) ) based on a short to mid 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.

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.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 1.75 and Reliance Communications (RCOM_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.