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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 2024-05-28 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 53115

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	206.10	211.60	219.45	203.25	0.748 times
27 Mon May 2024	211.60	220.00	220.00	210.00	0.792 times
24 Fri May 2024	216.00	215.00	240.00	212.15	5.019 times
23 Thu May 2024	212.55	200.75	229.85	197.85	1.915 times
22 Wed May 2024	198.35	201.00	203.65	197.00	0.313 times
21 Tue May 2024	200.60	205.45	207.40	199.90	0.919 times
18 Sat May 2024	201.65	200.95	204.25	197.50	0.034 times
17 Fri May 2024	201.05	204.85	204.85	198.00	0.154 times
16 Thu May 2024	200.90	201.10	206.90	199.80	0.187 times
15 Wed May 2024	202.65	208.00	210.00	200.00	0.392 times

My analysis of stock is bearish for shortterm, and stock might move down till 200.9 or till 189.5. Use a stoploss of 210.41 and if the stock hits stoploss, then it can shoot up till 219.92

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	197.00
Downside Target	203.25
Upside Target	214.85
Upside Target	228.45
Upside Target	233.45
Upside Target	239.00
Upside Target	240.00
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	199.57
Downside Intraday Target	193.03
Upside Intraday Target	216.32
Upside Intraday Target	226.53
Upside Intraday Target	209.78

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	206.10	220.00	220.00	203.25	0.189 times
24 Fri May 2024	216.00	205.45	240.00	197.00	4.87 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

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
28 Tue May 2024	206.10	226.90	240.00	197.00	0.599 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 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 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 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 BUY. Signal strength is Strong and stock is losing 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. 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 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

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 211.41 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 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.