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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 2024-12-23 View latest technical analysis

10 day averaged volume of Reliance Chemotex is 36230

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	210.47	216.02	218.07	209.05	0.417 times
20 Fri Dec 2024	212.86	222.15	224.79	211.10	0.457 times
19 Thu Dec 2024	219.96	218.96	224.80	212.60	0.778 times
18 Wed Dec 2024	218.76	226.74	227.90	214.61	0.516 times
17 Tue Dec 2024	223.48	225.05	229.88	222.33	0.232 times
16 Mon Dec 2024	225.05	227.45	230.00	223.48	0.207 times
13 Fri Dec 2024	223.34	229.98	232.79	221.40	0.372 times
12 Thu Dec 2024	226.27	225.10	230.00	224.00	0.203 times
11 Wed Dec 2024	226.95	222.81	235.00	221.91	1.551 times
10 Tue Dec 2024	224.23	223.99	249.00	220.20	5.61 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 212.9, but if it comes above 212.9, then a intra day buy could be more profitable.
If you take a sell trade below 212.9, then use 212.9 as stoploss and 206.2 as target. However if you take a buy trade in stock , then use 212.9 as stoploss and 218.44 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	200.10
Upside 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	206.99
Downside Intraday Target	203.51
Upside Intraday Target	216.01
Upside Intraday Target	221.55
Upside Intraday Target	212.53

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	210.47	216.02	218.07	209.05	0.191 times
20 Fri Dec 2024	212.86	227.45	230.00	211.10	0.28 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

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
23 Mon Dec 2024	210.47	210.00	249.00	208.27	1.482 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 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 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 Weak and stock is losing momentum.

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

Reliance Chemotex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Chemotex in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 222.99 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.