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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 2024-05-09 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 14018

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	209.35	226.00	226.95	206.20	1.552 times
08 Wed May 2024	222.60	210.00	223.00	210.00	1.329 times
07 Tue May 2024	214.25	221.50	221.75	213.00	0.791 times
06 Mon May 2024	219.45	221.05	228.45	213.55	0.964 times
03 Fri May 2024	226.90	220.75	230.00	220.75	0.69 times
02 Thu May 2024	224.10	226.90	231.90	221.10	0.774 times
30 Tue Apr 2024	226.90	230.40	232.85	226.00	0.389 times
29 Mon Apr 2024	228.00	233.45	233.45	226.90	0.768 times
26 Fri Apr 2024	226.90	230.20	235.15	225.05	1.937 times
25 Thu Apr 2024	229.00	225.00	230.55	220.10	1.434 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 215, but if it comes above 215, then a intra day buy could be more profitable.
If you take a sell trade below 215, then use 215 as stoploss and 204.5 as target. However if you take a buy trade in stock , then use 215 as stoploss and 223.66 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	206.20
Upside Target	215.95
Upside Target	228.25
Upside Target	233.45
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	200.88
Downside Intraday Target	192.42
Upside Intraday Target	223.13
Upside Intraday Target	236.92
Upside Intraday Target	214.67

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	209.35	221.05	228.45	206.20	1.769 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Thu May 2024	209.35	226.90	231.90	206.20	0.073 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 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 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 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.

Reliance Chemotex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 and SELL 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 222.34 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.