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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 2024-10-01 View latest technical analysis

10 day averaged volume of Reliance Communications is 8250823

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	2.04	2.04	2.04	2.04	0.376 times
30 Mon Sep 2024	1.95	2.11	2.11	1.90	1.807 times
23 Mon Sep 2024	2.01	2.07	2.07	1.91	2.495 times
16 Mon Sep 2024	1.98	1.98	1.98	1.98	0.119 times
09 Mon Sep 2024	2.09	2.09	2.09	2.09	0.069 times
02 Mon Sep 2024	2.20	2.20	2.20	2.20	0.087 times
26 Mon Aug 2024	2.32	2.32	2.32	2.32	1.294 times
22 Thu Aug 2024	2.45	2.45	2.45	2.45	1.032 times
21 Wed Aug 2024	2.34	2.34	2.34	2.33	0.986 times
20 Tue Aug 2024	2.23	2.20	2.23	2.20	1.237 times

My analysis of stock is bearish for shortterm, and stock might move down till 1.9 or till 1.7. Use a stoploss of 2.08 and if the stock hits stoploss, then it can shoot up till 2.23

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.53
Downside Target	1.77
Downside Target	1.90
Downside Target	1.98
Downside Target	2.04
Upside Target	2.09
Upside Target	2.11
Upside Target	2.12
Upside Target	2.20
Upside Target	2.45

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	1.92
Downside Intraday Target	1.81
Upside Intraday Target	2.13
Upside Intraday Target	2.23
Downside Intraday Target	2.02

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	2.04	2.11	2.11	1.90	0.875 times
23 Mon Sep 2024	2.01	2.07	2.07	1.91	20.981 times
16 Mon Sep 2024	1.98	1.98	1.98	1.98	1.73 times
09 Mon Sep 2024	2.09	2.09	2.09	2.09	0.787 times
02 Mon Sep 2024	2.20	2.20	2.20	2.20	0.067 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
01 Tue Oct 2024	2.04	2.04	2.04	2.04	0.082 times
30 Mon Sep 2024	1.95	2.20	2.20	1.90	0.289 times
26 Mon Aug 2024	2.32	1.77	2.45	1.77	5.558 times
29 Mon Jul 2024	1.69	1.90	1.90	1.53	0.446 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 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 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 weakening, and bulls are picking up momentum!

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

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

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 2.15 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.