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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 2024-12-11 View latest technical analysis

10 day averaged volume of Reliance Industries is 14189461

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	1278.20	1285.00	1290.00	1276.05	0.826 times
10 Tue Dec 2024	1284.85	1289.25	1294.90	1280.20	1.131 times
09 Mon Dec 2024	1295.15	1303.00	1315.00	1293.10	1.032 times
06 Fri Dec 2024	1311.55	1323.90	1323.90	1310.00	0.637 times
05 Thu Dec 2024	1322.05	1314.35	1329.95	1306.15	1.188 times
04 Wed Dec 2024	1308.95	1326.00	1328.40	1304.05	1.382 times
03 Tue Dec 2024	1323.30	1317.00	1326.80	1307.00	1.189 times
02 Mon Dec 2024	1309.15	1288.00	1311.35	1277.05	0.777 times
29 Fri Nov 2024	1292.20	1280.00	1299.50	1275.25	0.93 times
28 Thu Nov 2024	1270.80	1289.95	1296.60	1269.05	1.059 times

My analysis of stock is bearish for shortterm, and stock might move down till 1257 or till 1225.9. Use a stoploss of 1282.84 and if the stock hits stoploss, then it can shoot up till 1308.72

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	1217.25
Downside Target	1249.50
Upside Target	1320.30
Upside Target	1329.95
Upside Target	1341.95
Upside Target	2866.50
Upside Target	2891.75
Upside Target	2975.90
Upside Target	3066.95
Upside Target	3079.45

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	1264.5
Downside Intraday Target	1250.8
Upside Intraday Target	1303.45
Upside Intraday Target	1328.7
Upside Intraday Target	1289.75

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	1278.20	1303.00	1315.00	1276.05	0.578 times
06 Fri Dec 2024	1311.55	1288.00	1329.95	1277.05	0.966 times
29 Fri Nov 2024	1292.20	1290.00	1304.45	1269.05	1.122 times
22 Fri Nov 2024	1265.40	1267.60	1281.50	1217.25	1.441 times
14 Thu Nov 2024	1267.60	1278.95	1289.30	1249.50	0.539 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
11 Wed Dec 2024	1278.20	1288.00	1329.95	1276.05	0.414 times
29 Fri Nov 2024	1292.20	1333.05	1341.95	1217.25	1.258 times
31 Thu Oct 2024	1332.05	2961.30	2975.90	1320.30	1.494 times
30 Mon Sep 2024	2953.15	3021.75	3066.95	2891.75	1.147 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 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 gaining momentum.

MACD generated a BUY signal for Reliance Industries in short term but the buy 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 1300.24 and Reliance Industries (RELIANCE) stock is trading below this level. This means that stock is falling with high volumes. 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.