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

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

Showing technical analysis as on 2024-10-22 View latest technical analysis

10 day averaged volume of Reliance is 423809

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2687.30	2739.90	2751.90	2680.80	0.446 times
21 Mon Oct 2024	2738.25	2739.65	2748.00	2716.05	0.465 times
18 Fri Oct 2024	2717.55	2706.65	2736.00	2683.20	1.675 times
17 Thu Oct 2024	2713.45	2738.70	2738.70	2705.00	1.961 times
16 Wed Oct 2024	2708.00	2687.90	2728.55	2676.00	0.749 times
15 Tue Oct 2024	2687.90	2718.95	2744.00	2681.25	1.519 times
14 Mon Oct 2024	2745.20	2761.70	2761.70	2736.50	0.596 times
11 Fri Oct 2024	2742.20	2742.00	2767.05	2738.00	1.041 times
10 Thu Oct 2024	2742.05	2764.35	2772.00	2740.00	0.862 times
09 Wed Oct 2024	2750.10	2802.70	2802.70	2744.15	0.756 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2700.6, but if it comes above 2700.6, then a intra day buy could be more profitable.
If you take a sell trade below 2700.6, then use 2700.6 as stoploss and 2552.7 as target. However if you take a buy trade in stock , then use 2700.6 as stoploss and 2823.8 as target.

Share price targets for Reliance (Reliance)

Target Type	Value
Downside Target	2676.00
Upside Target	2865.80
Upside Target	2927.10
Upside Target	2960.50
Upside Target	2978.00
Upside Target	3044.30
Upside Target	3066.90
Upside Target	3083.95
Upside Target	3161.45
Upside Target	3217.90

Intraday share price targets for Reliance (Reliance)

Target Type	Value
Downside Intraday Target	2661.43
Downside Intraday Target	2635.57
Upside Intraday Target	2732.53
Upside Intraday Target	2777.77
Upside Intraday Target	2706.67

Weekly technical analysis of Reliance (Reliance)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2687.30	2739.65	2751.90	2680.80	0.14 times
18 Fri Oct 2024	2717.55	2761.70	2761.70	2676.00	1.491 times
11 Fri Oct 2024	2742.20	2799.95	2802.75	2722.90	0.393 times
03 Thu Oct 2024	2815.25	3036.00	3044.30	2775.00	3.674 times
27 Fri Sep 2024	3052.40	2980.10	3066.90	2960.50	0.587 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 (Reliance)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2687.30	2962.70	2978.00	2676.00	1.287 times
30 Mon Sep 2024	2953.80	3031.65	3066.90	2892.30	1.045 times
30 Fri Aug 2024	3019.75	3023.80	3083.95	2865.80	1.286 times
31 Wed Jul 2024	3010.25	3129.95	3217.90	2927.10	0.702 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 (Reliance)

Price action analysis of Reliance ( (Reliance) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Reliance ( (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 ( (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 ( (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 stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Reliance 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2719.91 and Reliance (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 (Reliance) stock. Volume based technical analysis of Reliance (Reliance) stock is negative.

Reliance 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.