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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 2024-08-12 View latest technical analysis

10 day averaged volume of Reliance Communications is 8227621

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1.96	2.00	2.04	1.95	0.688 times
09 Fri Aug 2024	1.99	1.97	2.04	1.92	0.761 times
08 Thu Aug 2024	1.97	2.10	2.10	1.97	1.306 times
07 Wed Aug 2024	2.08	2.13	2.13	1.97	1.668 times
06 Tue Aug 2024	2.03	2.00	2.03	2.00	0.627 times
05 Mon Aug 2024	1.94	1.94	1.94	1.85	1.737 times
02 Fri Aug 2024	1.85	1.85	1.85	1.78	1.133 times
01 Thu Aug 2024	1.77	1.77	1.77	1.77	0.624 times
29 Mon Jul 2024	1.69	1.53	1.70	1.53	1.284 times
22 Mon Jul 2024	1.62	1.62	1.70	1.62	0.482 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2 as stoploss in an intra day sell trade for a target of 1.88. However, stock will show a bullish move above 2.

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.45
Downside Target	1.53
Downside Target	1.62
Downside Target	1.70
Downside Target	1.75
Downside Target	1.85
Downside Target	1.90
Downside Target	1.95
Upside Target	2.04
Upside Target	2.12
Upside Target	2.13

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	1.93
Downside Intraday Target	1.89
Upside Intraday Target	2.02
Upside Intraday Target	2.07
Upside Intraday Target	1.98

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1.96	2.00	2.04	1.95	0.113 times
09 Fri Aug 2024	1.99	1.94	2.13	1.85	2.006 times
02 Fri Aug 2024	1.85	1.53	1.85	1.53	6.307 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

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
12 Mon Aug 2024	1.96	1.77	2.13	1.77	2.986 times
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

Scroll below to view daily charts

Price has moved up 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.91 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.