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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.

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Reliance Industries is 4755062

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	2963.50	2936.30	2969.90	2916.00	1.945 times
21 Wed Feb 2024	2935.40	2948.00	2977.05	2915.10	1.338 times
20 Tue Feb 2024	2942.05	2950.05	2951.00	2923.60	0.748 times
19 Mon Feb 2024	2948.00	2924.10	2959.00	2907.05	0.708 times
16 Fri Feb 2024	2921.15	2952.95	2954.00	2917.10	1.027 times
15 Thu Feb 2024	2941.20	2966.70	2969.45	2933.05	1.052 times
14 Wed Feb 2024	2962.75	2915.00	2967.30	2915.00	0.748 times
13 Tue Feb 2024	2930.20	2911.00	2958.00	2908.00	0.811 times
12 Mon Feb 2024	2904.70	2921.50	2922.00	2884.70	0.702 times
09 Fri Feb 2024	2921.50	2908.00	2943.95	2901.90	1.32 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2955, but if it comes below 2955, then a intra day sell could be more profitable.
If you take a sell trade below 2955, then use 2955 as stoploss and 2896.41 as target. However if you take a buy trade in stock , then use 2955 as stoploss and 3025.3 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2220.30
Downside Target	2275.20
Downside Target	2367.00
Downside Target	2568.95
Downside Target	2720.35
Downside Target	2836.10
Downside Target	2907.05
Downside Target	2919.95
Downside Target	2943.95
Downside Target	2949.80
Upside Target	2969.45
Upside Target	2977.05

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2921.35
Downside Intraday Target	2879.2
Upside Intraday Target	2991.35
Upside Intraday Target	3019.2
Downside Intraday Target	2949.2

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	2963.50	2924.10	2977.05	2907.05	1.092 times
16 Fri Feb 2024	2921.15	2921.50	2969.45	2884.70	0.759 times
09 Fri Feb 2024	2921.50	2921.50	2943.95	2839.65	0.632 times
02 Fri Feb 2024	2915.40	2729.00	2949.80	2720.35	1.41 times
25 Thu Jan 2024	2706.15	2730.00	2766.95	2645.10	1.207 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 Industries (RELIANCE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	2963.50	2870.00	2977.05	2836.10	0.653 times
31 Wed Jan 2024	2853.25	2580.55	2919.95	2568.95	1.041 times
29 Fri Dec 2023	2584.95	2378.00	2614.00	2377.60	1.233 times
30 Thu Nov 2023	2377.45	2289.15	2411.95	2275.20	1.007 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 Industries (RELIANCE)

Price action analysis of Reliance Industries ( (RELIANCE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 BUY. 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Reliance Industries 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 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 2938.9 and Reliance Industries (RELIANCE) 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 Industries (RELIANCE) stock. Volume based technical analysis of Reliance Industries (RELIANCE) stock is negative.

Reliance Industries 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.