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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 2024-09-12 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 17431

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	231.49	229.54	233.40	225.62	0.55 times
11 Wed Sep 2024	228.48	232.90	233.95	227.50	0.629 times
10 Tue Sep 2024	234.42	234.50	241.45	227.00	2.423 times
09 Mon Sep 2024	236.64	240.00	240.10	231.35	0.916 times
06 Fri Sep 2024	238.43	230.20	242.00	227.00	2.221 times
05 Thu Sep 2024	229.01	236.00	236.00	223.10	0.808 times
04 Wed Sep 2024	233.03	238.00	238.00	228.00	0.8 times
03 Tue Sep 2024	238.12	247.00	247.00	236.00	0.369 times
02 Mon Sep 2024	238.86	235.46	242.10	233.31	1.078 times
30 Fri Aug 2024	235.46	235.50	238.99	234.00	0.217 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 230.8 as stoploss in an intra day buy trade for a target of 234.45. However, stock will show a bearish move below 230.8.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	194.50
Downside Target	215.00
Downside Target	222.42
Upside Target	239.82
Upside Target	241.45
Upside Target	244.39
Upside Target	245.00
Upside Target	247.00
Upside Target	256.49
Upside Target	260.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	224.26
Downside Intraday Target	217.02
Upside Intraday Target	240.09
Upside Intraday Target	248.68
Upside Intraday Target	232.85

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	231.49	240.00	241.45	225.62	0.856 times
06 Fri Sep 2024	238.43	235.46	247.00	223.10	2.585 times
30 Fri Aug 2024	235.46	235.44	244.39	229.70	0.666 times
23 Fri Aug 2024	235.09	230.00	245.00	225.52	1.298 times
16 Fri Aug 2024	227.88	232.80	239.82	222.50	0.655 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 Chemotex (RELCHEMQ)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	231.49	235.46	247.00	223.10	0.835 times
30 Fri Aug 2024	235.46	240.00	245.00	222.42	0.242 times
31 Wed Jul 2024	238.77	248.35	260.00	215.00	1.03 times
28 Fri Jun 2024	244.66	213.05	256.49	194.50	1.049 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 Chemotex (RELCHEMQ)

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Reliance Chemotex stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Reliance Chemotex in short term and the sell signal is strong.

Reliance Chemotex Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Reliance Chemotex in short term but BUY 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

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 235.07 and Reliance Chemotex (RELCHEMQ) 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 Chemotex (RELCHEMQ) stock. Volume based technical analysis of Reliance Chemotex (RELCHEMQ) stock is negative.

Reliance Chemotex 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.