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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 2024-10-17 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 6867

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	214.10	216.50	218.75	213.06	0.501 times
16 Wed Oct 2024	215.37	216.00	217.99	211.65	1.37 times
15 Tue Oct 2024	217.92	216.15	221.95	216.15	0.558 times
14 Mon Oct 2024	217.92	220.20	223.30	216.00	0.697 times
11 Fri Oct 2024	219.05	222.00	222.00	218.50	0.304 times
10 Thu Oct 2024	220.88	219.80	224.77	218.35	0.68 times
09 Wed Oct 2024	218.69	226.25	226.25	218.00	0.841 times
08 Tue Oct 2024	221.83	214.02	222.73	213.50	0.736 times
07 Mon Oct 2024	214.02	220.90	226.35	212.00	0.697 times
04 Fri Oct 2024	220.90	224.10	230.00	218.11	2.847 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 217.3, but if it comes above 217.3, then a intra day buy could be more profitable.
If you take a sell trade below 217.3, then use 217.3 as stoploss and 212.2 as target. However if you take a buy trade in stock , then use 217.3 as stoploss and 221.54 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	194.50
Downside Target	211.65
Upside Target	226.35
Upside Target	230.00
Upside Target	236.50
Upside Target	240.00
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	209.4
Downside Intraday Target	204.7
Upside Intraday Target	221.05
Upside Intraday Target	228
Upside Intraday Target	216.35

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	214.10	220.20	223.30	211.65	0.96 times
11 Fri Oct 2024	219.05	220.90	226.35	212.00	0.638 times
04 Fri Oct 2024	220.90	222.50	230.00	218.11	0.64 times
27 Fri Sep 2024	224.58	230.50	236.50	221.20	0.663 times
20 Fri Sep 2024	229.32	229.20	240.00	216.51	0.935 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
17 Thu Oct 2024	214.10	224.50	230.00	211.65	0.238 times
30 Mon Sep 2024	223.32	235.46	247.00	216.51	1.567 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

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 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 SELL. Signal strength is Strong 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 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 buy signal for Reliance Chemotex in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 218.6 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.