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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 2024-05-03 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 21680

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	226.90	220.75	230.00	220.75	0.446 times
02 Thu May 2024	224.10	226.90	231.90	221.10	0.5 times
30 Tue Apr 2024	226.90	230.40	232.85	226.00	0.251 times
29 Mon Apr 2024	228.00	233.45	233.45	226.90	0.497 times
26 Fri Apr 2024	226.90	230.20	235.15	225.05	1.252 times
25 Thu Apr 2024	229.00	225.00	230.55	220.10	0.927 times
24 Wed Apr 2024	225.45	228.90	229.40	224.10	0.598 times
23 Tue Apr 2024	225.60	227.80	231.70	222.05	1.458 times
22 Mon Apr 2024	222.55	223.55	225.25	218.85	0.716 times
19 Fri Apr 2024	218.85	215.65	224.00	211.20	1.282 times

My analysis of stock is bearish for shortterm, and stock might move down till 218.7 or till 208.5. Use a stoploss of 227.17 and if the stock hits stoploss, then it can shoot up till 235.65

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	207.00
Downside Target	215.95
Upside Target	228.25
Upside Target	235.15
Upside Target	239.00
Upside Target	244.90
Upside Target	252.00
Upside Target	276.50
Upside Target	295.35
Upside Target	349.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	220.62
Downside Intraday Target	214.33
Upside Intraday Target	233.32
Upside Intraday Target	239.73
Upside Intraday Target	227.03

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	226.90	233.45	233.45	220.75	0.342 times
26 Fri Apr 2024	226.90	223.55	235.15	218.85	0.535 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

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 Chemotex (RELCHEMQ)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	226.90	226.90	231.90	220.75	0.018 times
30 Tue Apr 2024	226.90	201.00	252.00	185.35	5.525 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

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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) 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 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 gaining momentum.

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

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 tired and bears 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 and BUY signal is strong.

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 Chemotex is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 225 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.