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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 2024-08-20 View latest technical analysis

10 day averaged volume of Reliance Communications is 7886143

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	2.23	2.20	2.23	2.20	1.294 times
19 Mon Aug 2024	2.13	2.07	2.13	2.03	0.915 times
16 Fri Aug 2024	2.03	1.97	2.03	1.97	0.912 times
14 Wed Aug 2024	1.94	1.90	1.96	1.85	0.388 times
13 Tue Aug 2024	1.87	1.96	1.99	1.86	0.704 times
12 Mon Aug 2024	1.96	2.00	2.04	1.95	0.718 times
09 Fri Aug 2024	1.99	1.97	2.04	1.92	0.794 times
08 Thu Aug 2024	1.97	2.10	2.10	1.97	1.363 times
07 Wed Aug 2024	2.08	2.13	2.13	1.97	1.74 times
06 Tue Aug 2024	2.03	2.00	2.03	2.00	0.654 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2.3, for a target of 2.1 or 1.93

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	2.03
Downside Target	2.04
Downside Target	2.12
Downside Target	2.13
Downside Target	2.23

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	2.1
Downside Intraday Target	1.96
Upside Intraday Target	2.3
Upside Intraday Target	2.36
Downside Intraday Target	2.16

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	2.23	2.07	2.23	2.03	0.812 times
16 Fri Aug 2024	2.03	2.00	2.04	1.85	0.428 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

Price has moved up 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
20 Tue Aug 2024	2.23	1.77	2.23	1.77	4.397 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Reliance Communications in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 2.04 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.