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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 2024-04-29 View latest technical analysis

10 day averaged volume of Reliance Industries is 6667160

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	2930.05	2900.00	2935.80	2900.00	0.544 times
26 Fri Apr 2024	2905.10	2927.90	2930.00	2900.00	0.706 times
25 Thu Apr 2024	2919.95	2885.00	2935.95	2883.00	1.196 times
24 Wed Apr 2024	2900.35	2927.00	2937.10	2899.00	0.785 times
23 Tue Apr 2024	2918.65	2958.00	2987.00	2911.10	1.095 times
22 Mon Apr 2024	2959.70	2944.90	2965.65	2935.60	0.776 times
19 Fri Apr 2024	2940.25	2913.55	2948.00	2886.05	1.181 times
18 Thu Apr 2024	2928.65	2927.00	2972.00	2918.70	1.425 times
16 Tue Apr 2024	2931.50	2906.70	2942.35	2901.85	0.702 times
15 Mon Apr 2024	2929.65	2922.00	2964.25	2892.65	0.968 times

My analysis of stock is bearish for shortterm, and stock might move down till 2916.2 or till 2889.9. Use a stoploss of 2938.05 and if the stock hits stoploss, then it can shoot up till 2959.93

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2825.80
Upside Target	2935.80
Upside Target	2972.00
Upside Target	2981.95
Upside Target	2987.00
Upside Target	2988.00
Upside Target	2999.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2908.1
Downside Intraday Target	2886.15
Upside Intraday Target	2943.9
Upside Intraday Target	2957.75
Downside Intraday Target	2921.95

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	2930.05	2900.00	2935.80	2900.00	0.119 times
26 Fri Apr 2024	2905.10	2944.90	2987.00	2883.00	1.066 times
19 Fri Apr 2024	2940.25	2922.00	2972.00	2886.05	1.421 times
12 Fri Apr 2024	2934.30	2925.95	2981.95	2922.00	0.936 times
05 Fri Apr 2024	2920.20	2984.95	2988.00	2900.00	0.864 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
29 Mon Apr 2024	2930.05	2984.95	2988.00	2883.00	0.92 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 neutral. A longer time frame might give a better analysis.

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Reliance Industries stock for short term is SELL. Signal strength is Weak and stock is losing 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. 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 moving up

CCI has generated a buy signal for Reliance Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 2926.66 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 falling down

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 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.