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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 2024-03-01 View latest technical analysis

10 day averaged volume of Reliance Industries is 5994175

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	2984.25	2927.00	3000.00	2925.00	1.012 times
29 Thu Feb 2024	2921.60	2930.00	2957.95	2909.05	1.971 times
28 Wed Feb 2024	2911.25	2966.00	2982.55	2900.35	0.721 times
27 Tue Feb 2024	2971.30	2966.05	2999.90	2956.10	0.903 times
26 Mon Feb 2024	2974.65	2987.10	2989.05	2965.00	0.627 times
23 Fri Feb 2024	2987.25	2979.00	2995.10	2966.70	1.204 times
22 Thu Feb 2024	2963.50	2936.30	2969.90	2916.00	1.543 times
21 Wed Feb 2024	2935.40	2948.00	2977.05	2915.10	1.061 times
20 Tue Feb 2024	2942.05	2950.05	2951.00	2923.60	0.594 times
19 Mon Feb 2024	2948.00	2924.10	2959.00	2907.05	0.561 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2967.4, but if it comes below 2967.4, then a intra day sell could be more profitable.
If you take a sell trade below 2967.4, then use 2967.4 as stoploss and 2931.95 as target. However if you take a buy trade in stock , then use 2967.4 as stoploss and 3009.9 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2275.20
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2720.35
Downside Target	2836.10
Downside Target	2943.95
Downside Target	2949.80
Downside Target	2969.45
Upside Target	2995.10
Upside Target	2999.90
Upside Target	3000.00

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2923.07
Downside Intraday Target	2861.88
Upside Intraday Target	3022.72
Upside Intraday Target	3061.18
Downside Intraday Target	2961.53

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	2984.25	2987.10	3000.00	2900.35	1.055 times
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

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
01 Fri Mar 2024	2984.25	2927.00	3000.00	2925.00	0.051 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
29 Fri Dec 2023	2584.95	2378.00	2614.00	2377.60	1.233 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 and the buying is gaining 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 2952.92 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.