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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 2024-03-21 View latest technical analysis

10 day averaged volume of Reliance Industries is 5704111

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	2901.95	2905.05	2915.80	2889.35	1.14 times
20 Wed Mar 2024	2887.50	2855.90	2890.00	2848.05	0.744 times
19 Tue Mar 2024	2850.50	2857.50	2875.20	2834.50	0.725 times
18 Mon Mar 2024	2878.95	2840.00	2883.45	2833.05	0.804 times
15 Fri Mar 2024	2836.45	2851.90	2866.45	2825.80	1.685 times
14 Thu Mar 2024	2862.95	2879.40	2897.05	2851.00	1.628 times
13 Wed Mar 2024	2864.35	2959.55	2966.20	2855.55	1.185 times
12 Tue Mar 2024	2950.85	2933.20	2976.00	2930.05	0.827 times
11 Mon Mar 2024	2933.20	2978.00	2978.00	2927.00	0.989 times
07 Thu Mar 2024	2957.85	3005.95	3006.20	2951.10	0.729 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 2878.7 as stoploss in an intra day buy trade for a target of 2933.91. However, stock will show a bearish move below 2878.7.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2275.20
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2825.80
Downside Target	2900.35
Upside Target	2951.10
Upside Target	2978.00
Upside Target	2995.10
Upside Target	2999.90
Upside Target	3000.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2851.4
Downside Intraday Target	2800.85
Upside Intraday Target	2934.15
Upside Intraday Target	2966.35
Downside Intraday Target	2883.6

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	2901.95	2840.00	2915.80	2833.05	0.541 times
15 Fri Mar 2024	2836.45	2978.00	2978.00	2825.80	2.166 times
07 Thu Mar 2024	2957.85	2980.95	3024.90	2951.10	0.524 times
02 Sat Mar 2024	2982.15	2987.10	3000.90	2900.35	1.067 times
23 Fri Feb 2024	2987.25	2924.10	2995.10	2907.05	1.441 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
21 Thu Mar 2024	2901.95	2927.00	3024.90	2825.80	0.658 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 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 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 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 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 Weak and stock is losing 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 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 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 2885.41 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.