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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 2024-11-22 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 19134

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	205.52	205.65	215.93	201.62	0.253 times
21 Thu Nov 2024	201.62	212.44	216.10	200.10	1.069 times
19 Tue Nov 2024	212.44	213.00	218.98	211.20	0.124 times
18 Mon Nov 2024	212.01	213.80	215.80	211.00	0.141 times
14 Thu Nov 2024	213.80	217.05	219.60	212.00	0.102 times
13 Wed Nov 2024	212.87	222.50	222.50	211.00	0.182 times
12 Tue Nov 2024	218.41	225.90	236.90	217.00	1.262 times
11 Mon Nov 2024	223.99	230.90	230.90	221.50	0.501 times
08 Fri Nov 2024	228.28	214.80	248.00	211.51	6.104 times
07 Thu Nov 2024	212.17	218.40	218.40	212.05	0.211 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 207.5, but if it comes above 207.5, then a intra day buy could be more profitable.
If you take a sell trade below 207.5, then use 207.5 as stoploss and 199.9 as target. However if you take a buy trade in stock , then use 207.5 as stoploss and 213.81 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	200.10
Upside Target	211.00
Upside Target	222.42
Upside Target	224.50
Upside Target	230.00
Upside Target	236.90
Upside Target	245.00
Upside Target	247.00
Upside Target	248.00
Upside Target	260.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	197.42
Downside Intraday Target	189.32
Upside Intraday Target	216.3
Upside Intraday Target	227.08
Upside Intraday Target	208.2

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	205.52	213.80	218.98	200.10	0.776 times
14 Thu Nov 2024	213.80	230.90	236.90	211.00	0.295 times
08 Fri Nov 2024	228.28	223.00	248.00	211.37	6.604 times
01 Fri Nov 2024	220.55	207.80	224.50	201.50	0.694 times
25 Fri Oct 2024	207.80	214.30	218.36	202.00	1.14 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
22 Fri Nov 2024	205.52	223.90	248.00	200.10	1.595 times
31 Thu Oct 2024	218.24	224.50	230.00	201.50	0.399 times
30 Mon Sep 2024	223.32	235.46	247.00	216.51	1.567 times
30 Fri Aug 2024	235.46	240.00	245.00	222.42	0.242 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 short to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

Reliance Chemotex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 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 222.17 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.