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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 2024-12-30 View latest technical analysis

10 day averaged volume of Reliance is 887366

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	1210.90	1219.65	1223.35	1208.65	0.354 times
27 Fri Dec 2024	1220.95	1216.65	1227.60	1216.65	0.736 times
26 Thu Dec 2024	1216.60	1224.65	1228.00	1214.45	0.628 times
24 Tue Dec 2024	1223.50	1231.90	1233.45	1221.45	0.302 times
23 Mon Dec 2024	1222.10	1217.25	1227.00	1213.15	3.756 times
20 Fri Dec 2024	1206.00	1229.95	1239.75	1202.10	1.314 times
19 Thu Dec 2024	1230.60	1239.95	1244.95	1229.40	0.478 times
18 Wed Dec 2024	1253.05	1243.40	1259.90	1241.75	0.293 times
17 Tue Dec 2024	1245.10	1262.65	1262.65	1242.60	0.721 times
16 Mon Dec 2024	1268.05	1275.00	1281.60	1266.85	0.525 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1224.5, but if it comes above 1224.5, then a intra day buy could be more profitable.
If you take a sell trade below 1224.5, then use 1224.5 as stoploss and 1178 as target. However if you take a buy trade in stock , then use 1224.5 as stoploss and 1263.33 as target.

Share price targets for Reliance (Reliance)

Target Type	Value
Downside Target	1202.10
Upside Target	1277.00
Upside Target	1315.45
Upside Target	1329.50
Upside Target	1341.00
Upside Target	2865.80
Upside Target	2892.30
Upside Target	2978.00
Upside Target	3066.90
Upside Target	3083.95

Intraday share price targets for Reliance (Reliance)

Target Type	Value
Downside Intraday Target	1205.25
Downside Intraday Target	1199.6
Upside Intraday Target	1219.95
Upside Intraday Target	1229
Upside Intraday Target	1214.3

Weekly technical analysis of Reliance (Reliance)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	1210.90	1219.65	1223.35	1208.65	0.065 times
27 Fri Dec 2024	1220.95	1217.25	1233.45	1213.15	1.628 times
20 Fri Dec 2024	1206.00	1275.00	1281.60	1202.10	0.875 times
13 Fri Dec 2024	1273.35	1303.00	1315.45	1240.00	1.349 times
06 Fri Dec 2024	1311.80	1291.65	1329.50	1277.00	0.851 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
30 Mon Dec 2024	1210.90	1291.65	1329.50	1202.10	1.118 times
29 Fri Nov 2024	1292.45	1339.85	1341.00	1217.70	0.992 times
31 Thu Oct 2024	1332.60	2962.70	2978.00	1320.50	1.749 times
30 Mon Sep 2024	2953.80	3031.65	3066.90	2892.30	1.045 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 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 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 BUY signal for Reliance 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 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 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 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1224.83 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.