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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 2024-05-23 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 18696

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	212.55	200.75	229.85	197.85	5.44 times
22 Wed May 2024	198.35	201.00	203.65	197.00	0.888 times
21 Tue May 2024	200.60	205.45	207.40	199.90	2.611 times
18 Sat May 2024	201.65	200.95	204.25	197.50	0.097 times
17 Fri May 2024	201.05	204.85	204.85	198.00	0.438 times
16 Thu May 2024	200.90	201.10	206.90	199.80	0.532 times
15 Wed May 2024	202.65	208.00	210.00	200.00	1.114 times
14 Tue May 2024	201.10	199.15	201.30	198.10	0.778 times
13 Mon May 2024	199.15	213.00	214.85	197.00	1.805 times
10 Fri May 2024	212.85	214.95	216.00	206.00	0.573 times

Stock of Reliance Chemotex (RELCHEMQ) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 201.6 or till 188. Use a stoploss of 212.92 and if the stock hits stoploss, then it can shoot up till 224.23

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	197.00
Downside Target	206.00
Upside Target	214.85
Upside Target	228.45
Upside Target	233.45
Upside Target	235.15
Upside Target	239.00
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	196.42
Downside Intraday Target	180.28
Upside Intraday Target	229.27
Upside Intraday Target	245.98
Upside Intraday Target	213.13

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	212.55	205.45	229.85	197.00	1.876 times
18 Sat May 2024	201.65	213.00	214.85	197.00	1.177 times
10 Fri May 2024	212.85	221.05	228.45	206.00	2.061 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

Price has moved up 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
23 Thu May 2024	212.55	226.90	231.90	197.00	0.301 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 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 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 BUY. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and BUY signal is strong.

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 205.54 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.