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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)

10 day averaged volume of Reliance Chemotex is 93968

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	215.65	212.40	224.95	211.85	0.581 times
16 Tue Apr 2024	209.25	215.45	222.45	207.00	0.529 times
15 Mon Apr 2024	212.25	213.00	232.85	207.55	0.728 times
12 Fri Apr 2024	237.85	237.15	242.00	232.40	0.306 times
10 Wed Apr 2024	237.15	228.25	242.90	228.25	0.261 times
09 Tue Apr 2024	241.10	239.60	244.90	231.05	0.46 times
08 Mon Apr 2024	238.35	235.00	240.95	230.05	0.577 times
05 Fri Apr 2024	229.35	239.80	247.00	227.05	0.601 times
04 Thu Apr 2024	237.30	238.00	252.00	234.00	2.101 times
03 Wed Apr 2024	230.80	206.75	241.10	200.05	3.856 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 198.4 as stoploss in an intra day buy trade for a target of 241.97. However, stock will show a bearish move below 198.4.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	207.00
Upside Target	215.95
Upside Target	228.25
Upside Target	232.85
Upside Target	239.00
Upside Target	252.00
Upside Target	276.50
Upside Target	295.35
Upside Target	298.00
Upside Target	321.00
Upside Target	349.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	204.15
Downside Intraday Target	192.65
Upside Intraday Target	230
Upside Intraday Target	244.35
Upside Intraday Target	218.5

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	215.65	213.00	232.85	207.00	1.147 times
12 Fri Apr 2024	237.85	235.00	244.90	228.25	0.217 times
05 Fri Apr 2024	229.35	201.00	252.00	185.35	3.083 times
28 Thu Mar 2024	194.05	321.00	321.00	182.00	0.411 times
15 Fri Dec 2023	318.55	304.70	349.00	298.00	1.404 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 Thu Apr 2024	215.65	201.00	252.00	185.35	4.81 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
30 Thu Nov 2023	282.35	239.00	295.35	239.00	2.199 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 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 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 moving up

CCI has generated a buy signal for Reliance Chemotex in short term but BUY 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 230 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.