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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 2024-05-31 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 58408

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	209.90	214.90	214.90	205.50	0.384 times
30 Thu May 2024	209.25	213.30	213.30	208.40	0.154 times
29 Wed May 2024	213.30	206.70	215.75	202.55	0.848 times
28 Tue May 2024	206.10	211.60	219.45	203.25	0.68 times
27 Mon May 2024	211.60	220.00	220.00	210.00	0.721 times
24 Fri May 2024	216.00	215.00	240.00	212.15	4.565 times
23 Thu May 2024	212.55	200.75	229.85	197.85	1.741 times
22 Wed May 2024	198.35	201.00	203.65	197.00	0.284 times
21 Tue May 2024	200.60	205.45	207.40	199.90	0.836 times
18 Sat May 2024	201.65	200.95	204.25	197.50	0.031 times

My analysis of stock is bullish for shortterm, and stock might move up till 215.1 or till 223.6. Use a stoploss of 208.13 and if this stock hits its stoploss, then it can fall down till 201.11

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	197.00
Downside Target	202.55
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	201.63
Downside Intraday Target	193.37
Upside Intraday Target	219.08
Upside Intraday Target	228.27
Upside Intraday Target	210.82

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	209.90	220.00	220.00	202.55	0.375 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
31 Fri May 2024	209.90	226.90	240.00	197.00	0.668 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 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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Reliance Chemotex stock for short term is BUY. Signal strength is Weak 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 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 SELL signal for Reliance Chemotex in short term but SELL signal is weak.

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

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 212.1 and Reliance Chemotex (RELCHEMQ) stock is trading below this level. This means that stock is falling with high volumes. 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.