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

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

Showing technical analysis as on 2024-04-15 View latest technical analysis

10 day averaged volume of Reliance Communications is 5065788

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	1.65	1.70	1.70	1.65	1.11 times
12 Fri Apr 2024	1.70	1.75	1.75	1.70	0.627 times
10 Wed Apr 2024	1.75	1.85	1.85	1.75	1.439 times
09 Tue Apr 2024	1.85	1.85	1.85	1.75	0.869 times
08 Mon Apr 2024	1.85	1.85	1.90	1.75	1.479 times
05 Fri Apr 2024	1.85	1.85	1.85	1.75	2.568 times
04 Thu Apr 2024	1.80	1.80	1.80	1.80	0.254 times
03 Wed Apr 2024	1.75	1.75	1.75	1.75	0.357 times
02 Tue Apr 2024	1.70	1.70	1.70	1.70	1.021 times
01 Mon Apr 2024	1.65	1.65	1.65	1.65	0.622 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1.7, but if it comes above 1.7, then a intra day buy could be more profitable.
If you take a sell trade below 1.7, then use 1.7 as stoploss and 1.5 as target. However if you take a buy trade in stock , then use 1.7 as stoploss and 1.85 as target.

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.65
Upside Target	1.70
Upside Target	1.75
Upside Target	1.80
Upside Target	1.85
Upside Target	1.90
Upside Target	2.10
Upside Target	2.20
Upside Target	2.30

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	1.63
Downside Intraday Target	1.62
Upside Intraday Target	1.68
Upside Intraday Target	1.72
Upside Intraday Target	1.67

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	1.65	1.70	1.70	1.65	0.252 times
12 Fri Apr 2024	1.70	1.85	1.90	1.70	0.915 times
05 Fri Apr 2024	1.85	1.65	1.85	1.65	3.86 times
26 Tue Mar 2024	1.70	1.75	1.75	1.70	6.023 times
11 Mon Mar 2024	1.80	1.80	1.80	1.80	0.776 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 Communications (RCOM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	1.65	1.65	1.90	1.65	6.002 times
26 Tue Mar 2024	1.70	1.90	1.90	1.70	0.194 times
26 Mon Feb 2024	2.00	1.80	2.20	1.80	0.677 times
29 Mon Jan 2024	1.75	2.00	2.10	1.75	2.174 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Reliance Communications (RCOM_BE)

Price action analysis of Reliance Communications ( (RCOM_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Reliance Communications ( (RCOM_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Reliance Communications ( (RCOM_BE) ) 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 Communications stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Reliance Communications 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 Communications 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

Stock of Reliance Communications is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.77 and Reliance Communications (RCOM_BE) 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 Communications (RCOM_BE) stock. Volume based technical analysis of Reliance Communications (RCOM_BE) stock is negative.

Reliance Communications 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.