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

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

Showing technical analysis as on 2024-04-10 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 100415

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	237.15	228.25	242.90	228.25	0.244 times
09 Tue Apr 2024	241.10	239.60	244.90	231.05	0.43 times
08 Mon Apr 2024	238.35	235.00	240.95	230.05	0.54 times
05 Fri Apr 2024	229.35	239.80	247.00	227.05	0.562 times
04 Thu Apr 2024	237.30	238.00	252.00	234.00	1.966 times
03 Wed Apr 2024	230.80	206.75	241.10	200.05	3.608 times
02 Tue Apr 2024	200.95	205.00	207.00	185.35	0.544 times
01 Mon Apr 2024	197.25	201.00	204.00	195.25	0.241 times
28 Thu Mar 2024	194.05	203.50	203.50	192.00	0.193 times
27 Wed Mar 2024	195.30	201.00	204.80	192.05	0.5 times

My analysis of stock is bearish for shortterm, and stock might move down till 211.5 or till 155.8. Use a stoploss of 257.99 and if the stock hits stoploss, then it can shoot up till 304.44

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	208.00
Downside Target	215.95
Downside Target	228.25
Upside Target	239.00
Upside Target	252.00
Upside Target	276.50
Upside Target	287.00
Upside Target	295.35
Upside Target	298.00
Upside Target	305.00
Upside Target	321.00
Upside Target	349.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	228.63
Downside Intraday Target	220.12
Upside Intraday Target	245.28
Upside Intraday Target	253.42
Downside Intraday Target	236.77

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	237.15	235.00	244.90	228.25	0.175 times
05 Fri Apr 2024	229.35	201.00	252.00	185.35	3.083 times
28 Thu Mar 2024	194.05	321.00	321.00	182.00	0.411 times
15 Fri Dec 2023	318.55	304.70	349.00	298.00	1.404 times
08 Fri Dec 2023	302.60	296.00	305.00	287.00	1.576 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 Chemotex (RELCHEMQ)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	237.15	201.00	252.00	185.35	3.859 times
28 Thu Mar 2024	194.05	195.25	215.95	182.00	0.205 times
18 Mon Dec 2023	312.70	283.80	349.00	276.50	0.488 times
30 Thu Nov 2023	282.35	239.00	295.35	239.00	2.199 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 Chemotex (RELCHEMQ)

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a short to mid 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 Chemotex ( (RELCHEMQ) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a SELL signal for Reliance Chemotex 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 Chemotex 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 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 Chemotex 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 227.73 and Reliance Chemotex (RELCHEMQ) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Reliance Chemotex 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.