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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 2024-09-18 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 19985

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	227.04	230.00	232.68	225.22	0.164 times
17 Tue Sep 2024	228.75	228.21	233.00	227.70	0.391 times
16 Mon Sep 2024	228.21	229.20	240.00	225.50	1.844 times
13 Fri Sep 2024	228.00	232.70	233.95	227.00	0.485 times
12 Thu Sep 2024	231.49	229.54	233.40	225.62	0.48 times
11 Wed Sep 2024	228.48	232.90	233.95	227.50	0.549 times
10 Tue Sep 2024	234.42	234.50	241.45	227.00	2.113 times
09 Mon Sep 2024	236.64	240.00	240.10	231.35	0.799 times
06 Fri Sep 2024	238.43	230.20	242.00	227.00	1.937 times
05 Thu Sep 2024	229.01	236.00	236.00	223.10	0.705 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 229.3, but if it comes above 229.3, then a intra day buy could be more profitable.
If you take a sell trade below 229.3, then use 229.3 as stoploss and 224.4 as target. However if you take a buy trade in stock , then use 229.3 as stoploss and 233.5 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	194.50
Downside Target	215.00
Downside Target	222.42
Upside Target	240.00
Upside Target	241.45
Upside Target	244.39
Upside Target	245.00
Upside Target	247.00
Upside Target	256.49
Upside Target	260.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	221.51
Downside Intraday Target	215.97
Upside Intraday Target	236.29
Upside Intraday Target	245.53
Upside Intraday Target	230.75

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	227.04	229.20	240.00	225.22	0.542 times
13 Fri Sep 2024	228.00	240.00	241.45	225.62	0.962 times
06 Fri Sep 2024	238.43	235.46	247.00	223.10	2.585 times
30 Fri Aug 2024	235.46	235.44	244.39	229.70	0.666 times
23 Fri Aug 2024	235.09	230.00	245.00	225.52	1.298 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
18 Wed Sep 2024	227.04	235.46	247.00	223.10	1.117 times
30 Fri Aug 2024	235.46	240.00	245.00	222.42	0.242 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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 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 232.63 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.