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(RELCHEMQ) Reliance Chemotex complete technical analysis [charts+indicators] | Buy/Sell Reliance Chemotex | (RELCHEMQ) share price targets

Complete technical analysis of Reliance Chemotex (RELCHEMQ) by charts plus indicators, forecast predictions and share price targets for Reliance Chemotex (RELCHEMQ)

Showing technical analysis as on 2023-12-11 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 68314

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Dec 2023	304.75	304.70	308.30	302.00	0.508 times
08 Fri Dec 2023	302.60	290.05	305.00	290.05	1.194 times
07 Thu Dec 2023	291.70	296.35	297.90	289.00	0.632 times
06 Wed Dec 2023	296.30	300.30	303.00	295.00	0.82 times
05 Tue Dec 2023	298.75	296.50	299.60	288.00	0.941 times
04 Mon Dec 2023	294.95	296.00	299.95	287.00	2.135 times
01 Fri Dec 2023	285.05	283.80	286.05	276.50	1.147 times
30 Thu Nov 2023	282.35	286.90	286.90	281.60	0.57 times
29 Wed Nov 2023	282.65	283.30	289.00	278.00	0.9 times
28 Tue Nov 2023	283.25	283.00	295.35	281.00	1.014 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 309.9, for a target of 295.3 or 283.13

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	174.05
Downside Target	201.00
Downside Target	208.00
Downside Target	220.00
Downside Target	239.00
Downside Target	252.25
Downside Target	268.80
Downside Target	276.50
Downside Target	287.00
Downside Target	293.10
Downside Target	295.35
Downside Target	302.00
Upside Target	305.00
Upside Target	308.30

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	301.73
Downside Intraday Target	298.72
Upside Intraday Target	308.03
Upside Intraday Target	311.32
Upside Intraday Target	305.02

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Dec 2023	304.75	304.70	308.30	302.00	0.089 times
08 Fri Dec 2023	302.60	296.00	305.00	287.00	1.576 times
01 Fri Dec 2023	285.05	283.00	295.35	276.50	0.614 times
24 Fri Nov 2023	281.30	272.20	293.10	268.80	1.122 times
17 Fri Nov 2023	269.35	260.20	279.95	252.25	0.711 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 Chemotex (RELCHEMQ)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Mon Dec 2023	304.75	283.80	308.30	276.50	0.238 times
30 Thu Nov 2023	282.35	239.00	295.35	239.00	2.199 times
31 Tue Oct 2023	239.15	216.05	240.90	208.00	1.513 times
29 Fri Sep 2023	216.00	195.90	220.00	175.10	1.817 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 Chemotex (RELCHEMQ)

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) 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 Chemotex ( (RELCHEMQ) ) 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 Chemotex ( (RELCHEMQ) ) 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 Chemotex stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Reliance Chemotex 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 Chemotex 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 Chemotex in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Chemotex is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 292.44 and Reliance Chemotex (RELCHEMQ) 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 Chemotex (RELCHEMQ) stock. Volume based technical analysis of Reliance Chemotex (RELCHEMQ) stock is negative.

Reliance Chemotex 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.