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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 2024-06-24 View latest technical analysis

10 day averaged volume of Reliance Communications is 4261296

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	2.01	2.01	2.01	2.01	0.986 times
18 Tue Jun 2024	2.12	2.12	2.12	2.10	1.047 times
14 Fri Jun 2024	2.02	2.02	2.02	2.02	0.82 times
13 Thu Jun 2024	1.93	1.93	1.93	1.93	1.192 times
12 Wed Jun 2024	1.84	1.84	1.84	1.80	1.659 times
11 Tue Jun 2024	1.76	1.69	1.76	1.69	0.942 times
10 Mon Jun 2024	1.68	1.64	1.68	1.60	1.213 times
07 Fri Jun 2024	1.60	1.55	1.60	1.55	0.636 times
06 Thu Jun 2024	1.55	1.60	1.60	1.55	0.68 times
05 Wed Jun 2024	1.60	1.60	1.65	1.55	0.558 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1.9, but if it comes below 1.9, then a intra day sell could be more profitable.
If you take a sell trade below 1.9, then use 1.9 as stoploss and 1.73 as target. However if you take a buy trade in stock , then use 1.9 as stoploss and 2.1 as target.

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.45
Downside Target	1.55
Downside Target	1.60
Downside Target	1.70
Downside Target	1.75
Downside Target	1.80
Downside Target	1.90
Downside Target	2.01
Upside Target	2.02
Upside Target	2.10
Upside Target	2.12
Upside Target	2.20

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	2.01
Downside Intraday Target	2.01
Downside Intraday Target	2.01
Downside Intraday Target	2.01
Downside Intraday Target	2.01

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	2.01	2.01	2.01	2.01	0.942 times
18 Tue Jun 2024	2.12	2.12	2.12	2.10	0.18 times
14 Fri Jun 2024	2.02	1.64	2.02	1.60	1.283 times
07 Fri Jun 2024	1.60	1.65	1.70	1.55	1.036 times
31 Fri May 2024	1.65	1.75	1.75	1.60	1.206 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
24 Mon Jun 2024	2.01	1.65	2.12	1.55	0.75 times
31 Fri May 2024	1.65	1.65	1.75	1.45	0.695 times
30 Tue Apr 2024	1.65	1.65	1.90	1.55	11.596 times
26 Tue Mar 2024	1.70	1.90	1.90	1.70	0.194 times

Scroll below to view daily charts

Price has moved up 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 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 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 Communications ( (RCOM_BE) ) 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 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 BUY signal for Reliance Communications in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Reliance Communications Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Communications in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 1.84 and Reliance Communications (RCOM_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.