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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 2024-07-16 View latest technical analysis

10 day averaged volume of Reliance Industries is 4484828

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	3152.50	3187.00	3200.00	3138.25	1.047 times
15 Mon Jul 2024	3194.45	3208.90	3211.70	3171.00	0.594 times
12 Fri Jul 2024	3193.45	3169.00	3210.30	3149.00	1.441 times
11 Thu Jul 2024	3161.30	3175.00	3208.50	3141.00	1.331 times
10 Wed Jul 2024	3168.45	3190.00	3195.00	3126.30	0.795 times
09 Tue Jul 2024	3180.55	3195.20	3201.00	3161.00	0.776 times
08 Mon Jul 2024	3201.80	3178.00	3217.60	3165.05	1.059 times
05 Fri Jul 2024	3177.25	3107.65	3197.00	3096.00	1.368 times
04 Thu Jul 2024	3108.05	3114.00	3135.00	3101.60	0.762 times
03 Wed Jul 2024	3104.85	3132.65	3150.00	3085.55	1.009 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3191.8 as stoploss in an intra day sell trade for a target of 3083.88. However, stock will show a bullish move above 3191.8.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2825.80
Downside Target	2975.00
Downside Target	3085.55
Downside Target	3126.30
Downside Target	3138.25
Upside Target	3162.00
Upside Target	3197.00
Upside Target	3211.70
Upside Target	3217.60

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	3123.27
Downside Intraday Target	3094.03
Upside Intraday Target	3196.72
Upside Intraday Target	3240.93
Upside Intraday Target	3167.48

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	3152.50	3208.90	3211.70	3138.25	0.304 times
12 Fri Jul 2024	3193.45	3178.00	3217.60	3126.30	1.111 times
05 Fri Jul 2024	3177.25	3125.05	3197.00	3085.55	0.458 times
28 Fri Jun 2024	3130.80	2891.05	3162.00	2875.00	1.507 times
21 Fri Jun 2024	2908.40	2974.70	2975.00	2881.15	1.305 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
16 Tue Jul 2024	3152.50	3125.05	3217.60	3085.55	0.335 times
28 Fri Jun 2024	3130.80	2966.00	3162.00	2718.60	1.326 times
31 Fri May 2024	2860.80	2944.00	2984.45	2768.00	1.096 times
30 Tue Apr 2024	2934.00	2984.95	2988.00	2883.00	0.97 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 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 BUY signal for Reliance Industries in short term and the buy signal is strong.

Reliance Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 3165.68 and Reliance Industries (RELIANCE) stock is trading below this level. This means that stock is falling with high volumes. 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.