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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 2024-04-22 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 60507

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	222.55	223.55	225.25	218.85	0.257 times
19 Fri Apr 2024	218.85	215.65	224.00	211.20	0.459 times
18 Thu Apr 2024	215.65	212.40	224.95	211.85	0.902 times
16 Tue Apr 2024	209.25	215.45	222.45	207.00	0.822 times
15 Mon Apr 2024	212.25	213.00	232.85	207.55	1.131 times
12 Fri Apr 2024	237.85	237.15	242.00	232.40	0.475 times
10 Wed Apr 2024	237.15	228.25	242.90	228.25	0.405 times
09 Tue Apr 2024	241.10	239.60	244.90	231.05	0.714 times
08 Mon Apr 2024	238.35	235.00	240.95	230.05	0.896 times
05 Fri Apr 2024	229.35	239.80	247.00	227.05	0.933 times

My analysis of stock is bearish for shortterm, and stock might move down till 195.2 or till 149.3. Use a stoploss of 233.49 and if the stock hits stoploss, then it can shoot up till 271.76

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	207.00
Downside Target	215.95
Upside Target	225.25
Upside Target	232.85
Upside Target	239.00
Upside Target	244.90
Upside Target	252.00
Upside Target	276.50
Upside Target	295.35
Upside Target	321.00
Upside Target	349.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	219.18
Downside Intraday Target	215.82
Upside Intraday Target	225.58
Upside Intraday Target	228.62
Downside Intraday Target	222.22

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	222.55	223.55	225.25	218.85	0.077 times
19 Fri Apr 2024	218.85	213.00	232.85	207.00	1.331 times
12 Fri Apr 2024	237.85	235.00	244.90	228.25	0.217 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

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
22 Mon Apr 2024	222.55	201.00	252.00	185.35	5.015 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a short 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 Chemotex ( (RELCHEMQ) ) based on a short to mid 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 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 Strong and stock is losing 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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Reliance Chemotex 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 224.9 and Reliance Chemotex (RELCHEMQ) 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 Chemotex (RELCHEMQ) stock. Volume based technical analysis of Reliance Chemotex (RELCHEMQ) stock is negative.

Reliance Chemotex 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.