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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 6209758

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	2919.95	2885.00	2935.95	2883.00	1.284 times
24 Wed Apr 2024	2900.35	2927.00	2937.10	2899.00	0.842 times
23 Tue Apr 2024	2918.65	2958.00	2987.00	2911.10	1.176 times
22 Mon Apr 2024	2959.70	2944.90	2965.65	2935.60	0.833 times
19 Fri Apr 2024	2940.25	2913.55	2948.00	2886.05	1.268 times
18 Thu Apr 2024	2928.65	2927.00	2972.00	2918.70	1.53 times
16 Tue Apr 2024	2931.50	2906.70	2942.35	2901.85	0.754 times
15 Mon Apr 2024	2929.65	2922.00	2964.25	2892.65	1.039 times
12 Fri Apr 2024	2934.30	2951.75	2972.95	2926.15	1.252 times
10 Wed Apr 2024	2959.15	2932.70	2974.00	2932.70	0.736 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2913.6 as stoploss in an intra day buy trade for a target of 2939.73. However, stock will show a bearish move below 2913.6.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2825.80
Upside Target	2972.00
Upside Target	2981.95
Upside Target	2987.00
Upside Target	2988.00
Upside Target	2999.90
Upside Target	3011.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2872.97
Downside Intraday Target	2825.98
Upside Intraday Target	2976.97
Upside Intraday Target	3033.98
Upside Intraday Target	2929.98

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	2919.95	2944.90	2987.00	2883.00	0.901 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
05 Fri Apr 2024	2920.20	2984.95	2988.00	2900.00	0.864 times
28 Thu Mar 2024	2971.70	2890.00	3011.90	2878.00	0.848 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
25 Thu Apr 2024	2919.95	2984.95	2988.00	2883.00	0.846 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
31 Wed Jan 2024	2853.25	2580.55	2919.95	2568.95	1.041 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 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 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 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 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 but the sell signal is initial and weak.

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 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 Industries in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2931.12 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.