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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 2024-03-26 View latest technical analysis

10 day averaged volume of Reliance Industries is 6524768

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	2883.15	2890.00	2904.80	2878.00	0.875 times
22 Fri Mar 2024	2910.05	2899.95	2920.00	2894.70	1.496 times
21 Thu Mar 2024	2901.95	2905.05	2915.80	2889.35	0.997 times
20 Wed Mar 2024	2887.50	2855.90	2890.00	2848.05	0.651 times
19 Tue Mar 2024	2850.50	2857.50	2875.20	2834.50	0.634 times
18 Mon Mar 2024	2878.95	2840.00	2883.45	2833.05	0.703 times
15 Fri Mar 2024	2836.45	2851.90	2866.45	2825.80	1.473 times
14 Thu Mar 2024	2862.95	2879.40	2897.05	2851.00	1.423 times
13 Wed Mar 2024	2864.35	2959.55	2966.20	2855.55	1.036 times
12 Tue Mar 2024	2950.85	2933.20	2976.00	2930.05	0.723 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 2871.5 as stoploss in an intra day buy trade for a target of 2925.48. However, stock will show a bearish move below 2871.5.

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
Upside Target	2919.95
Upside Target	2920.00
Upside Target	2951.10
Upside Target	2978.00
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	2872.5
Downside Intraday Target	2861.85
Upside Intraday Target	2899.3
Upside Intraday Target	2915.45
Upside Intraday Target	2888.65

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	2883.15	2890.00	2904.80	2878.00	0.195 times
22 Fri Mar 2024	2910.05	2840.00	2920.00	2833.05	0.812 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

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
26 Tue Mar 2024	2883.15	2927.00	3024.90	2825.80	0.787 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 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 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 gaining momentum.

MACD generated a SELL signal for Reliance Industries in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Industries in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 2880.16 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 negative.

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