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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 2024-08-05 View latest technical analysis

10 day averaged volume of Reliance Industries is 5943809

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	2894.65	2960.00	2967.80	2866.50	1.434 times
02 Fri Aug 2024	2998.65	3010.00	3018.65	2986.55	0.864 times
01 Thu Aug 2024	3030.60	3024.00	3036.00	3008.60	0.905 times
31 Wed Jul 2024	3010.85	3008.00	3020.90	3002.30	0.846 times
30 Tue Jul 2024	3026.30	3034.05	3050.00	3020.00	0.692 times
29 Mon Jul 2024	3040.20	3023.90	3055.00	3023.55	0.634 times
26 Fri Jul 2024	3018.05	2984.80	3024.85	2980.70	0.829 times
25 Thu Jul 2024	2984.80	2962.00	3000.95	2954.15	1.053 times
24 Wed Jul 2024	2991.40	2970.00	3019.00	2952.80	1.002 times
23 Tue Jul 2024	2975.80	3002.00	3011.50	2926.00	1.519 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2872.4, for a target of 2983.2 or 3075.44

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2866.50
Upside Target	3036.00
Upside Target	3055.00
Upside Target	3075.00
Upside Target	3105.60
Upside Target	3126.30
Upside Target	3162.00
Upside Target	3211.70
Upside Target	3217.60

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2851.5
Downside Intraday Target	2808.35
Upside Intraday Target	2952.8
Upside Intraday Target	3010.95
Upside Intraday Target	2909.65

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	2894.65	2960.00	2967.80	2866.50	0.364 times
02 Fri Aug 2024	2998.65	3023.90	3055.00	2986.55	0.651 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

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
05 Mon Aug 2024	2894.65	3024.00	3036.00	2866.50	0.165 times
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

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 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 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 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 and the sell signal is strong.

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 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 and selling is picking up 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 2987.93 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.