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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 2024-07-29 View latest technical analysis

10 day averaged volume of Reliance Communications is 4129390

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	1.69	1.53	1.70	1.53	2.559 times
22 Mon Jul 2024	1.62	1.62	1.70	1.62	0.961 times
15 Mon Jul 2024	1.71	1.71	1.71	1.71	0.753 times
08 Mon Jul 2024	1.80	1.80	1.80	1.80	0.979 times
01 Mon Jul 2024	1.90	1.90	1.90	1.90	0.449 times
24 Mon Jun 2024	2.01	2.01	2.01	2.01	1.017 times
18 Tue Jun 2024	2.12	2.12	2.12	2.10	1.081 times
14 Fri Jun 2024	2.02	2.02	2.02	2.02	0.846 times
13 Thu Jun 2024	1.93	1.93	1.93	1.93	1.23 times
12 Wed Jun 2024	1.84	1.84	1.84	1.80	1.712 times

Stock of Reliance Communications (RCOM_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 1.6 or till 1.4. Use a stoploss of 1.75 and if the stock hits stoploss, then it can shoot up till 1.91

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.45
Downside Target	1.53
Downside Target	1.62
Upside Target	1.70
Upside Target	1.75
Upside Target	1.80
Upside Target	1.90
Upside Target	2.12

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	1.58
Downside Intraday Target	1.47
Upside Intraday Target	1.75
Upside Intraday Target	1.81
Downside Intraday Target	1.64

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	1.69	1.53	1.70	1.53	2.664 times
22 Mon Jul 2024	1.62	1.62	1.70	1.62	1.275 times
15 Mon Jul 2024	1.71	1.71	1.71	1.71	0.769 times
08 Mon Jul 2024	1.80	1.80	1.80	1.80	2.181 times
01 Mon Jul 2024	1.90	1.90	1.90	1.90	0.441 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Reliance Communications (RCOM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	1.69	1.90	1.90	1.53	0.446 times
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

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 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 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 SELL signal for Reliance Communications in short term but the sell signal is initial and weak.

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 moving up

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 positive zone. This is a BUY 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 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 positive

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