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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 2024-07-31 View latest technical analysis

10 day averaged volume of Reliance Industries is 6130598

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	3010.85	3008.00	3020.90	3002.30	0.82 times
30 Tue Jul 2024	3026.30	3034.05	3050.00	3020.00	0.671 times
29 Mon Jul 2024	3040.20	3023.90	3055.00	3023.55	0.615 times
26 Fri Jul 2024	3018.05	2984.80	3024.85	2980.70	0.804 times
25 Thu Jul 2024	2984.80	2962.00	3000.95	2954.15	1.021 times
24 Wed Jul 2024	2991.40	2970.00	3019.00	2952.80	0.972 times
23 Tue Jul 2024	2975.80	3002.00	3011.50	2926.00	1.472 times
22 Mon Jul 2024	3001.35	3074.50	3075.00	2998.55	1.605 times
19 Fri Jul 2024	3110.30	3172.00	3179.95	3105.60	1.072 times
18 Thu Jul 2024	3173.35	3152.00	3187.80	3115.65	1.003 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3017.8, but if it comes above 3017.8, then a intra day buy could be more profitable.
If you take a sell trade below 3017.8, then use 3017.8 as stoploss and 2920.6 as target. However if you take a buy trade in stock , then use 3017.8 as stoploss and 3098.75 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2825.80
Downside Target	2883.00
Downside Target	2984.45
Upside Target	3085.55
Upside Target	3105.60
Upside Target	3126.30
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	2990.43
Downside Intraday Target	2970.02
Upside Intraday Target	3043.13
Upside Intraday Target	3075.42
Upside Intraday Target	3022.72

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	3010.85	3023.90	3055.00	3002.30	0.359 times
26 Fri Jul 2024	3018.05	3074.50	3075.00	2926.00	1.794 times
19 Fri Jul 2024	3110.30	3208.90	3211.70	3105.60	0.829 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

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
31 Wed Jul 2024	3010.85	3125.05	3217.60	2926.00	0.721 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 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 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.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 3029.89 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 positive

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