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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 2024-10-21 View latest technical analysis

10 day averaged volume of Reliance Industries is 8874815

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	2738.40	2734.25	2748.00	2715.45	0.793 times
18 Fri Oct 2024	2718.60	2704.35	2736.85	2682.65	0.681 times
17 Thu Oct 2024	2712.85	2731.40	2736.90	2704.10	0.876 times
16 Wed Oct 2024	2708.15	2680.00	2728.00	2675.25	1.129 times
15 Tue Oct 2024	2688.05	2717.05	2743.40	2681.40	1.902 times
14 Mon Oct 2024	2745.05	2758.90	2760.15	2736.50	0.689 times
11 Fri Oct 2024	2744.20	2740.00	2766.55	2737.65	0.45 times
10 Thu Oct 2024	2742.10	2760.05	2772.00	2738.85	1.26 times
09 Wed Oct 2024	2749.20	2795.05	2801.95	2745.00	0.806 times
08 Tue Oct 2024	2794.70	2745.95	2802.00	2730.20	0.959 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 2708.4 as stoploss in an intra day buy trade for a target of 2827.71. However, stock will show a bearish move below 2708.4.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2675.25
Upside Target	2866.50
Upside Target	2926.00
Upside Target	2960.40
Upside Target	2975.90
Upside Target	3049.95
Upside Target	3066.95
Upside Target	3079.45
Upside Target	3162.00
Upside Target	3217.60

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2719.9
Downside Intraday Target	2701.4
Upside Intraday Target	2752.45
Upside Intraday Target	2766.5
Downside Intraday Target	2733.95

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	2738.40	2734.25	2748.00	2715.45	0.15 times
18 Fri Oct 2024	2718.60	2758.90	2760.15	2675.25	1.117 times
11 Fri Oct 2024	2744.20	2787.00	2802.00	2722.75	0.709 times
04 Fri Oct 2024	2773.05	3038.80	3049.95	2763.55	1.632 times
27 Fri Sep 2024	3052.35	2982.00	3066.95	2960.40	1.068 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
21 Mon Oct 2024	2738.40	2961.30	2975.90	2675.25	0.95 times
30 Mon Sep 2024	2953.15	3021.75	3066.95	2891.75	1.147 times
30 Fri Aug 2024	3019.25	3024.00	3079.45	2866.50	1.128 times
31 Wed Jul 2024	3010.85	3125.05	3217.60	2926.00	0.721 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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 red color and prices are below the red 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 SELL signal in short term but selling 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 2728.84 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 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.