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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 2024-08-28 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 9088

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	238.28	229.70	244.39	229.70	1.197 times
27 Tue Aug 2024	231.71	236.28	236.28	230.00	0.278 times
26 Mon Aug 2024	231.86	235.44	236.30	230.15	0.988 times
23 Fri Aug 2024	235.09	238.93	240.00	231.85	0.663 times
22 Thu Aug 2024	237.95	237.70	242.00	235.22	0.952 times
21 Wed Aug 2024	236.47	237.80	245.00	234.02	0.826 times
20 Tue Aug 2024	236.56	231.30	242.86	227.10	2.673 times
19 Mon Aug 2024	230.09	230.00	232.00	225.52	0.763 times
16 Fri Aug 2024	227.88	225.40	231.99	224.01	1.33 times
14 Wed Aug 2024	225.41	232.50	239.30	222.50	0.828 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 237.7, but if it comes below 237.7, then a intra day sell could be more profitable.
If you take a sell trade below 237.7, then use 237.7 as stoploss and 233.77 as target. However if you take a buy trade in stock , then use 237.7 as stoploss and 242.5 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	185.35
Downside Target	194.50
Downside Target	215.00
Downside Target	222.42
Upside Target	239.82
Upside Target	244.39
Upside Target	245.00
Upside Target	248.00
Upside Target	252.00
Upside Target	256.49
Upside Target	260.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	230.52
Downside Intraday Target	222.77
Upside Intraday Target	245.21
Upside Intraday Target	252.15
Downside Intraday Target	237.46

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	238.28	235.44	244.39	229.70	0.419 times
23 Fri Aug 2024	235.09	230.00	245.00	225.52	1.298 times
16 Fri Aug 2024	227.88	232.80	239.82	222.50	0.655 times
09 Fri Aug 2024	236.34	233.60	242.00	222.42	1.037 times
02 Fri Aug 2024	235.79	235.90	248.00	232.22	0.298 times

Price has moved up 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 Wed Aug 2024	238.28	240.00	245.00	222.42	0.226 times
31 Wed Jul 2024	238.77	248.35	260.00	215.00	1.03 times
28 Fri Jun 2024	244.66	213.05	256.49	194.50	1.049 times
31 Fri May 2024	209.90	226.90	240.00	197.00	0.668 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 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 neutral. A longer time frame might give a better analysis.

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 and the buy signal is strong.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining 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 233.76 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.