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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 2024-12-16 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 36604

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	225.05	227.45	230.00	223.48	0.205 times
13 Fri Dec 2024	223.34	229.98	232.79	221.40	0.368 times
12 Thu Dec 2024	226.27	225.10	230.00	224.00	0.201 times
11 Wed Dec 2024	226.95	222.81	235.00	221.91	1.535 times
10 Tue Dec 2024	224.23	223.99	249.00	220.20	5.553 times
09 Mon Dec 2024	219.78	223.00	223.00	218.01	0.074 times
06 Fri Dec 2024	218.85	218.90	220.48	216.50	0.137 times
05 Thu Dec 2024	218.90	224.00	227.00	217.35	0.18 times
04 Wed Dec 2024	219.04	225.00	225.00	219.00	0.146 times
03 Tue Dec 2024	221.64	214.80	229.19	210.31	1.625 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 223.4, but if it comes below 223.4, then a intra day sell could be more profitable.
If you take a sell trade below 223.4, then use 223.4 as stoploss and 216.42 as target. However if you take a buy trade in stock , then use 223.4 as stoploss and 231.7 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	200.10
Downside Target	216.51
Upside Target	227.99
Upside Target	229.19
Upside Target	230.00
Upside Target	245.00
Upside Target	247.00
Upside Target	248.00
Upside Target	249.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	222.35
Downside Intraday Target	219.66
Upside Intraday Target	228.87
Upside Intraday Target	232.7
Upside Intraday Target	226.18

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	225.05	227.45	230.00	223.48	0.027 times
13 Fri Dec 2024	223.34	223.00	249.00	218.01	3.408 times
06 Fri Dec 2024	218.85	210.00	229.19	208.27	0.777 times
29 Fri Nov 2024	208.27	212.99	227.99	205.15	3.517 times
22 Fri Nov 2024	205.52	213.80	218.98	200.10	0.776 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
16 Mon Dec 2024	225.05	210.00	249.00	208.27	1.202 times
29 Fri Nov 2024	208.27	223.90	248.00	200.10	2.431 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

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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Reliance Chemotex stock for short term is BUY. Signal strength is Strong and stock is losing 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 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 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 223.97 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.