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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 2024-04-05 View latest technical analysis

10 day averaged volume of Reliance Industries is 6302144

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	2920.20	2921.75	2941.60	2912.00	0.59 times
04 Thu Apr 2024	2925.85	2959.50	2959.50	2900.00	1.15 times
03 Wed Apr 2024	2943.20	2964.15	2968.90	2937.80	0.556 times
02 Tue Apr 2024	2973.90	2968.00	2988.00	2950.00	0.707 times
01 Mon Apr 2024	2969.55	2984.95	2987.95	2965.00	0.398 times
28 Thu Mar 2024	2971.70	2985.75	3011.90	2957.30	1.734 times
27 Wed Mar 2024	2985.70	2896.00	3000.00	2894.00	1.295 times
26 Tue Mar 2024	2883.15	2890.00	2904.80	2878.00	0.906 times
22 Fri Mar 2024	2910.05	2899.95	2920.00	2894.70	1.549 times
21 Thu Mar 2024	2901.95	2905.05	2915.80	2889.35	1.032 times

My analysis of stock is bearish for shortterm, and stock might move down till 2873 or till 2815.7. Use a stoploss of 2920.69 and if the stock hits stoploss, then it can shoot up till 2968.42

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2825.80
Upside Target	2951.10
Upside Target	2978.00
Upside Target	2988.00
Upside Target	2999.90
Upside Target	3011.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2884.13
Downside Intraday Target	2848.07
Upside Intraday Target	2972.13
Upside Intraday Target	3024.07
Upside Intraday Target	2936.07

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	2920.20	2984.95	2988.00	2900.00	0.864 times
28 Thu Mar 2024	2971.70	2890.00	3011.90	2878.00	0.848 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

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 Industries (RELIANCE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	2920.20	2984.95	2988.00	2900.00	0.19 times
28 Thu Mar 2024	2971.70	2927.00	3024.90	2825.80	0.947 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

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 Industries (RELIANCE)

Price action analysis of Reliance Industries ( (RELIANCE) ) 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 Industries ( (RELIANCE) ) 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 Industries ( (RELIANCE) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

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 Industries 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2938.64 and Reliance Industries (RELIANCE) 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 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 negative.

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