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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 2024-10-14 View latest technical analysis

10 day averaged volume of Reliance Communications is 7357195

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	2.45	2.45	2.45	2.45	0.542 times
09 Wed Oct 2024	2.58	2.58	2.58	2.58	0.398 times
08 Tue Oct 2024	2.46	2.35	2.46	2.23	2.627 times
07 Mon Oct 2024	2.35	2.35	2.35	2.35	0.665 times
04 Fri Oct 2024	2.24	2.24	2.24	2.24	0.403 times
03 Thu Oct 2024	2.14	2.14	2.14	2.14	0.449 times
01 Tue Oct 2024	2.04	2.04	2.04	2.04	0.422 times
30 Mon Sep 2024	1.95	2.11	2.11	1.90	2.026 times
23 Mon Sep 2024	2.01	2.07	2.07	1.91	2.798 times
16 Mon Sep 2024	1.98	1.98	1.98	1.98	0.133 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.4, but if it comes below 2.4, then a intra day sell could be more profitable.
If you take a sell trade below 2.4, then use 2.4 as stoploss and 2.19 as target. However if you take a buy trade in stock , then use 2.4 as stoploss and 2.6 as target.

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
Downside Target	2.12
Downside Target	2.20
Downside Target	2.24
Downside Target	2.45
Upside Target	2.58

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	2.45
Downside Intraday Target	2.45
Downside Intraday Target	2.45
Downside Intraday Target	2.45
Downside Intraday Target	2.45

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	2.45	2.45	2.45	2.45	0.147 times
09 Wed Oct 2024	2.58	2.35	2.58	2.23	1.118 times
04 Fri Oct 2024	2.24	2.11	2.24	1.90	1.18 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

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
14 Mon Oct 2024	2.45	2.04	2.58	2.04	1.073 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 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 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.

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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 2.19 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.