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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)

10 day averaged volume of Reliance Chemotex is 35711

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	229.00	225.00	230.55	220.10	0.563 times
24 Wed Apr 2024	225.45	228.90	229.40	224.10	0.363 times
23 Tue Apr 2024	225.60	227.80	231.70	222.05	0.885 times
22 Mon Apr 2024	222.55	223.55	225.25	218.85	0.435 times
19 Fri Apr 2024	218.85	215.65	224.00	211.20	0.778 times
18 Thu Apr 2024	215.65	212.40	224.95	211.85	1.529 times
16 Tue Apr 2024	209.25	215.45	222.45	207.00	1.393 times
15 Mon Apr 2024	212.25	213.00	232.85	207.55	1.916 times
12 Fri Apr 2024	237.85	237.15	242.00	232.40	0.806 times
10 Wed Apr 2024	237.15	228.25	242.90	228.25	0.686 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 235.4 as stoploss in an intra day sell trade for a target of 219.93. However, stock will show a bullish move above 235.4.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Target	182.00
Downside Target	207.00
Downside Target	215.95
Downside Target	228.25
Upside Target	239.00
Upside Target	244.90
Upside Target	252.00
Upside Target	276.50
Upside Target	295.35
Upside Target	321.00
Upside Target	349.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type	Value
Downside Intraday Target	221.33
Downside Intraday Target	213.67
Upside Intraday Target	234.18
Upside Intraday Target	239.37
Downside Intraday Target	226.52

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	229.00	223.55	231.70	218.85	0.4 times
19 Fri Apr 2024	218.85	213.00	232.85	207.00	1.331 times
12 Fri Apr 2024	237.85	235.00	244.90	228.25	0.217 times
05 Fri Apr 2024	229.35	201.00	252.00	185.35	3.083 times
28 Thu Mar 2024	194.05	321.00	321.00	182.00	0.411 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
25 Thu Apr 2024	229.00	201.00	252.00	185.35	5.32 times
28 Thu Mar 2024	194.05	195.25	215.95	182.00	0.205 times
18 Mon Dec 2023	312.70	283.80	349.00	276.50	0.488 times
30 Thu Nov 2023	282.35	239.00	295.35	239.00	2.199 times

Scroll below to view daily charts

Price has moved up 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 220.2 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 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.