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(RELIANCE) Reliance Industries complete technical analysis [charts+indicators] | Buy/Sell Reliance Industries | (RELIANCE) share price targets

Complete technical analysis of Reliance Industries (RELIANCE) by charts plus indicators, forecast predictions and share price targets for Reliance Industries (RELIANCE)

Reliance Industries trades in NSE in Integrated Oil & Gas sector.

10 day averaged volume of Reliance Industries is 6349004

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	2839.05	2871.00	2880.00	2836.00	0.582 times
03 Fri May 2024	2868.00	2942.00	2949.90	2832.30	1.357 times
02 Thu May 2024	2933.10	2944.00	2954.65	2928.25	1.143 times
30 Tue Apr 2024	2934.00	2936.00	2966.15	2925.75	0.904 times
29 Mon Apr 2024	2930.05	2900.00	2935.80	2900.00	0.571 times
26 Fri Apr 2024	2905.10	2927.90	2930.00	2900.00	0.741 times
25 Thu Apr 2024	2919.95	2885.00	2935.95	2883.00	1.256 times
24 Wed Apr 2024	2900.35	2927.00	2937.10	2899.00	0.824 times
23 Tue Apr 2024	2918.65	2958.00	2987.00	2911.10	1.15 times
22 Mon Apr 2024	2959.70	2944.90	2965.65	2935.60	0.815 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2860, for a target of 2894.8 or 2923.84

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2568.95
Downside Target	2825.80
Upside Target	2922.00
Upside Target	2954.65
Upside Target	2966.15
Upside Target	2972.00
Upside Target	2981.95
Upside Target	2987.00
Upside Target	2988.00
Upside Target	2999.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2823.37
Downside Intraday Target	2807.68
Upside Intraday Target	2867.37
Upside Intraday Target	2895.68
Upside Intraday Target	2851.68

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	2839.05	2871.00	2880.00	2836.00	0.147 times
03 Fri May 2024	2868.00	2900.00	2966.15	2832.30	0.83 times
26 Fri Apr 2024	2905.10	2944.90	2987.00	2883.00	1.066 times
19 Fri Apr 2024	2940.25	2922.00	2972.00	2886.05	1.421 times
12 Fri Apr 2024	2934.30	2925.95	2981.95	2922.00	0.936 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 Industries (RELIANCE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	2839.05	2944.00	2954.65	2832.30	0.178 times
30 Tue Apr 2024	2934.00	2984.95	2988.00	2883.00	0.97 times
28 Thu Mar 2024	2971.70	2927.00	3024.90	2825.80	0.947 times
29 Thu Feb 2024	2921.60	2870.00	2999.90	2836.10	0.898 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 Industries (RELIANCE)

Price action analysis of Reliance Industries ( (RELIANCE) ) 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 Industries ( (RELIANCE) ) 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 Industries ( (RELIANCE) ) 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 Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Reliance Industries 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 Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Reliance Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2911.35 and Reliance Industries (RELIANCE) 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 Industries (RELIANCE) stock. Volume based technical analysis of Reliance Industries (RELIANCE) stock is negative.

Reliance Industries 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.