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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 2024-08-13 View latest technical analysis

10 day averaged volume of Reliance Communications is 8482405

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	1.87	1.96	1.99	1.86	0.654 times
12 Mon Aug 2024	1.96	2.00	2.04	1.95	0.667 times
09 Fri Aug 2024	1.99	1.97	2.04	1.92	0.739 times
08 Thu Aug 2024	1.97	2.10	2.10	1.97	1.267 times
07 Wed Aug 2024	2.08	2.13	2.13	1.97	1.617 times
06 Tue Aug 2024	2.03	2.00	2.03	2.00	0.608 times
05 Mon Aug 2024	1.94	1.94	1.94	1.85	1.685 times
02 Fri Aug 2024	1.85	1.85	1.85	1.78	1.099 times
01 Thu Aug 2024	1.77	1.77	1.77	1.77	0.605 times
29 Mon Jul 2024	1.69	1.53	1.70	1.53	1.246 times

My analysis of stock is bearish for shortterm, and stock might move down till 1.8 or till 1.6. Use a stoploss of 1.89 and if the stock hits stoploss, then it can shoot up till 2.02

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	1.86
Upside Target	1.90
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	1.81
Downside Intraday Target	1.74
Upside Intraday Target	1.99
Upside Intraday Target	2.1
Upside Intraday Target	1.92

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	1.87	2.00	2.04	1.86	0.223 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
13 Tue Aug 2024	1.87	1.77	2.13	1.77	3.222 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 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 Communications ( (RCOM_BE) ) 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 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 SELL signal for Reliance Communications in short term but the sell signal is initial and weak.

Reliance Communications Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 1.92 and Reliance Communications (RCOM_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.