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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 2024-08-06 View latest technical analysis

10 day averaged volume of Reliance Industries is 5812425

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	2912.10	2910.30	2955.00	2902.65	0.881 times
05 Mon Aug 2024	2894.65	2960.00	2967.80	2866.50	1.466 times
02 Fri Aug 2024	2998.65	3010.00	3018.65	2986.55	0.883 times
01 Thu Aug 2024	3030.60	3024.00	3036.00	3008.60	0.926 times
31 Wed Jul 2024	3010.85	3008.00	3020.90	3002.30	0.865 times
30 Tue Jul 2024	3026.30	3034.05	3050.00	3020.00	0.708 times
29 Mon Jul 2024	3040.20	3023.90	3055.00	3023.55	0.648 times
26 Fri Jul 2024	3018.05	2984.80	3024.85	2980.70	0.848 times
25 Thu Jul 2024	2984.80	2962.00	3000.95	2954.15	1.077 times
24 Wed Jul 2024	2991.40	2970.00	3019.00	2952.80	1.025 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2966.9, but if it comes above 2966.9, then a intra day buy could be more profitable.
If you take a sell trade below 2966.9, then use 2966.9 as stoploss and 2854.1 as target. However if you take a buy trade in stock , then use 2966.9 as stoploss and 3060.96 as target.

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	2863.13
Downside Intraday Target	2814.17
Upside Intraday Target	2964.43
Upside Intraday Target	3016.77
Upside Intraday Target	2915.47

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	2912.10	2960.00	2967.80	2866.50	0.582 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
06 Tue Aug 2024	2912.10	3024.00	3036.00	2866.50	0.21 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 neutral. A longer time frame might give a better analysis.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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

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

Although the stock is in the SELL zone, but selling 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 2982.79 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.