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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 2024-11-18 View latest technical analysis

10 day averaged volume of Reliance Communications is 4280748

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	1.88	1.88	1.88	1.88	0.152 times
11 Mon Nov 2024	1.98	1.98	1.98	1.98	0.16 times
04 Mon Nov 2024	2.09	2.09	2.09	2.09	0.162 times
28 Mon Oct 2024	2.20	2.20	2.20	2.20	0.545 times
21 Mon Oct 2024	2.32	2.32	2.32	2.32	0.394 times
14 Mon Oct 2024	2.45	2.45	2.45	2.45	0.932 times
09 Wed Oct 2024	2.58	2.58	2.58	2.58	0.685 times
08 Tue Oct 2024	2.46	2.35	2.46	2.23	4.514 times
07 Mon Oct 2024	2.35	2.35	2.35	2.35	1.143 times
04 Fri Oct 2024	2.24	2.24	2.24	2.24	0.693 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2, but if it comes above 2, then a intra day buy could be more profitable.
If you take a sell trade below 2, then use 2 as stoploss and 1.8 as target. However if you take a buy trade in stock , then use 2 as stoploss and 2.2 as target.

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.53
Downside Target	1.77
Downside Target	1.88
Upside Target	1.98
Upside Target	2.04
Upside Target	2.09
Upside Target	2.20
Upside Target	2.32
Upside Target	2.45
Upside Target	2.58

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	1.88
Downside Intraday Target	1.88
Downside Intraday Target	1.88
Downside Intraday Target	1.88
Downside Intraday Target	1.88

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	1.88	1.88	1.88	1.88	0.949 times
11 Mon Nov 2024	1.98	1.98	1.98	1.98	0.985 times
04 Mon Nov 2024	2.09	2.09	2.09	2.09	0.298 times
28 Mon Oct 2024	2.20	2.20	2.20	2.20	1.384 times
21 Mon Oct 2024	2.32	2.32	2.32	2.32	0.422 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
18 Mon Nov 2024	1.88	2.09	2.09	1.88	0.046 times
28 Mon Oct 2024	2.20	2.04	2.58	2.04	1.179 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

Scroll below to view daily charts

Price has moved down 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 neutral. A longer time frame might give a better analysis.

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 Strong 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 getting stronger in this stock.

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2.39 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.