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(RELIANCE) Reliance Industries complete technical analysis [charts+indicators] | Buy/Sell Reliance Industries | (RELIANCE) share price targets

Complete technical analysis of Reliance Industries (RELIANCE) by charts plus indicators, forecast predictions and share price targets for Reliance Industries (RELIANCE)

Reliance Industries trades in NSE in Integrated Oil & Gas sector.

Showing technical analysis as on 2024-03-27 View latest technical analysis

10 day averaged volume of Reliance Industries is 6531707

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	2985.70	2896.00	3000.00	2894.00	1.25 times
26 Tue Mar 2024	2883.15	2890.00	2904.80	2878.00	0.874 times
22 Fri Mar 2024	2910.05	2899.95	2920.00	2894.70	1.495 times
21 Thu Mar 2024	2901.95	2905.05	2915.80	2889.35	0.996 times
20 Wed Mar 2024	2887.50	2855.90	2890.00	2848.05	0.65 times
19 Tue Mar 2024	2850.50	2857.50	2875.20	2834.50	0.634 times
18 Mon Mar 2024	2878.95	2840.00	2883.45	2833.05	0.702 times
15 Fri Mar 2024	2836.45	2851.90	2866.45	2825.80	1.472 times
14 Thu Mar 2024	2862.95	2879.40	2897.05	2851.00	1.422 times
13 Wed Mar 2024	2864.35	2959.55	2966.20	2855.55	1.035 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2980.8, but if it comes below 2980.8, then a intra day sell could be more profitable.
If you take a sell trade below 2980.8, then use 2980.8 as stoploss and 2926.2 as target. However if you take a buy trade in stock , then use 2980.8 as stoploss and 3046.4 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2275.20
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2825.80
Downside Target	2920.00
Downside Target	2951.10
Downside Target	2978.00
Upside Target	2999.90
Upside Target	3000.00
Upside Target	3000.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2909.13
Downside Intraday Target	2832.57
Upside Intraday Target	3031.13
Upside Intraday Target	3076.57
Downside Intraday Target	2954.57

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	2985.70	2890.00	3000.00	2878.00	0.474 times
22 Fri Mar 2024	2910.05	2840.00	2920.00	2833.05	0.812 times
15 Fri Mar 2024	2836.45	2978.00	2978.00	2825.80	2.166 times
07 Thu Mar 2024	2957.85	2980.95	3024.90	2951.10	0.524 times
02 Sat Mar 2024	2982.15	2987.10	3000.90	2900.35	1.067 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 Industries (RELIANCE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	2985.70	2927.00	3024.90	2825.80	0.856 times
29 Thu Feb 2024	2921.60	2870.00	2999.90	2836.10	0.898 times
31 Wed Jan 2024	2853.25	2580.55	2919.95	2568.95	1.041 times
29 Fri Dec 2023	2584.95	2378.00	2614.00	2377.60	1.233 times

Scroll below to view daily charts

Price has moved up 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 Industries (RELIANCE)

Price action analysis of Reliance Industries ( (RELIANCE) ) based on a short 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.

Price action analysis of Reliance Industries ( (RELIANCE) ) 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 Industries ( (RELIANCE) ) 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 Industries stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Reliance Industries in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Reliance Industries 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Reliance Industries 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Reliance Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2887.84 and Reliance Industries (RELIANCE) 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 Industries (RELIANCE) stock. Volume based technical analysis of Reliance Industries (RELIANCE) stock is negative.

Reliance Industries Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.