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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 2024-02-23 View latest technical analysis

10 day averaged volume of Reliance Industries is 4945017

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2987.25	2979.00	2995.10	2966.70	1.46 times
22 Thu Feb 2024	2963.50	2936.30	2969.90	2916.00	1.87 times
21 Wed Feb 2024	2935.40	2948.00	2977.05	2915.10	1.286 times
20 Tue Feb 2024	2942.05	2950.05	2951.00	2923.60	0.72 times
19 Mon Feb 2024	2948.00	2924.10	2959.00	2907.05	0.68 times
16 Fri Feb 2024	2921.15	2952.95	2954.00	2917.10	0.988 times
15 Thu Feb 2024	2941.20	2966.70	2969.45	2933.05	1.012 times
14 Wed Feb 2024	2962.75	2915.00	2967.30	2915.00	0.72 times
13 Tue Feb 2024	2930.20	2911.00	2958.00	2908.00	0.78 times
12 Mon Feb 2024	2904.70	2921.50	2922.00	2884.70	0.675 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 3004.8, for a target of 2953.3 or 2910.46

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
Downside Target	2969.45
Upside Target	2995.10

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2931.17
Downside Intraday Target	2875.08
Upside Intraday Target	3019.22
Upside Intraday Target	3051.18
Downside Intraday Target	2963.13

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2987.25	2924.10	2995.10	2907.05	1.441 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
23 Fri Feb 2024	2987.25	2870.00	2995.10	2836.10	0.708 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 2947.99 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.