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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 2024-12-23 View latest technical analysis

10 day averaged volume of Reliance Communications is 3379606

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	2.09	2.09	2.09	2.09	0.136 times
16 Mon Dec 2024	2.20	2.20	2.20	2.20	0.279 times
09 Mon Dec 2024	2.32	2.35	2.35	2.25	2.005 times
06 Fri Dec 2024	2.24	2.24	2.24	2.17	1.884 times
05 Thu Dec 2024	2.14	2.14	2.14	2.04	2.211 times
04 Wed Dec 2024	2.04	2.04	2.04	2.04	0.481 times
03 Tue Dec 2024	1.95	1.95	1.95	1.95	0.422 times
02 Mon Dec 2024	1.86	1.86	1.86	1.86	1.901 times
25 Mon Nov 2024	1.78	1.78	1.78	1.78	0.422 times
18 Mon Nov 2024	1.88	1.88	1.88	1.88	0.192 times

My analysis of stock is bearish for shortterm, and stock might move down till 2 or till 1.7. Use a stoploss of 2.17 and if the stock hits stoploss, then it can shoot up till 2.38

Share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Target	1.77
Downside Target	1.86
Downside Target	1.90
Downside Target	2.04
Downside Target	2.09
Upside Target	2.20
Upside Target	2.24
Upside Target	2.25
Upside Target	2.35
Upside Target	2.45
Upside Target	2.58

Intraday share price targets for Reliance Communications (RCOM_BE)

Target Type	Value
Downside Intraday Target	2.09
Downside Intraday Target	2.09
Downside Intraday Target	2.09
Downside Intraday Target	2.09
Downside Intraday Target	2.09

Weekly technical analysis of Reliance Communications (RCOM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	2.09	2.09	2.09	2.09	0.486 times
16 Mon Dec 2024	2.20	2.20	2.20	2.20	0.139 times
09 Mon Dec 2024	2.32	2.35	2.35	2.25	0.291 times
06 Fri Dec 2024	2.24	1.86	2.24	1.86	16.338 times
25 Mon Nov 2024	1.78	1.78	1.78	1.78	2.195 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
23 Mon Dec 2024	2.09	1.86	2.35	1.86	9.108 times
25 Mon Nov 2024	1.78	2.09	2.09	1.78	0.078 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

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 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.

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 in or below 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 SELL signal in short term and selling is picking up 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 2.11 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 is giving positive 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.