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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 2024-04-12 View latest technical analysis

10 day averaged volume of Reliance Industries is 5280639

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	2934.30	2951.75	2972.95	2926.15	1.472 times
10 Wed Apr 2024	2959.15	2932.70	2974.00	2932.70	0.865 times
09 Tue Apr 2024	2927.30	2978.00	2979.60	2925.00	0.67 times
08 Mon Apr 2024	2971.95	2925.95	2981.95	2922.00	0.791 times
05 Fri Apr 2024	2920.20	2921.75	2941.60	2912.00	0.705 times
04 Thu Apr 2024	2925.85	2959.50	2959.50	2900.00	1.372 times
03 Wed Apr 2024	2943.20	2964.15	2968.90	2937.80	0.664 times
02 Tue Apr 2024	2973.90	2968.00	2988.00	2950.00	0.844 times
01 Mon Apr 2024	2969.55	2984.95	2987.95	2965.00	0.475 times
28 Thu Mar 2024	2971.70	2985.75	3011.90	2957.30	2.069 times

My analysis of stock is bullish for shortterm, and stock might move up till 2962.7 or till 3016.3. Use a stoploss of 2917.93 and if this stock hits its stoploss, then it can fall down till 2873.2

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2377.60
Downside Target	2568.95
Downside Target	2825.80
Downside Target	2922.00
Upside Target	2978.00
Upside Target	2981.95
Upside Target	2988.00
Upside Target	2999.90
Upside Target	3011.90
Upside Target	3024.90

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2910.22
Downside Intraday Target	2886.13
Upside Intraday Target	2970.17
Upside Intraday Target	3006.03
Upside Intraday Target	2946.08

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	2934.30	2925.95	2981.95	2922.00	0.936 times
05 Fri Apr 2024	2920.20	2984.95	2988.00	2900.00	0.864 times
28 Thu Mar 2024	2971.70	2890.00	3011.90	2878.00	0.848 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

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
12 Fri Apr 2024	2934.30	2984.95	2988.00	2900.00	0.367 times
28 Thu Mar 2024	2971.70	2927.00	3024.90	2825.80	0.947 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

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 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Industries in short term and SELL 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

Although the stock is in the BUY zone, but buying 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 2950.27 and Reliance Industries (RELIANCE) stock is trading below this level. This means that stock is falling with high volumes. 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.