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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 2024-08-12 View latest technical analysis

10 day averaged volume of Reliance Industries is 5047550

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	2921.25	2940.00	2946.00	2915.50	0.811 times
09 Fri Aug 2024	2948.60	2920.00	2953.00	2912.00	0.619 times
08 Thu Aug 2024	2898.25	2915.05	2930.00	2891.85	1.227 times
07 Wed Aug 2024	2929.65	2938.00	2945.00	2923.00	0.81 times
06 Tue Aug 2024	2912.10	2910.30	2955.00	2902.65	1.014 times
05 Mon Aug 2024	2894.65	2960.00	2967.80	2866.50	1.689 times
02 Fri Aug 2024	2998.65	3010.00	3018.65	2986.55	1.017 times
01 Thu Aug 2024	3030.60	3024.00	3036.00	3008.60	1.066 times
31 Wed Jul 2024	3010.85	3008.00	3020.90	3002.30	0.996 times
30 Tue Jul 2024	3026.30	3034.05	3050.00	3020.00	0.815 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2924.5, but if it comes above 2924.5, then a intra day buy could be more profitable.
If you take a sell trade below 2924.5, then use 2924.5 as stoploss and 2821 as target. However if you take a buy trade in stock , then use 2924.5 as stoploss and 3010.66 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2866.50
Upside Target	2986.55
Upside Target	2988.00
Upside Target	3036.00
Upside Target	3055.00
Upside Target	3075.00
Upside Target	3105.60
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	2909.17
Downside Intraday Target	2897.08
Upside Intraday Target	2939.67
Upside Intraday Target	2958.08
Upside Intraday Target	2927.58

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	2921.25	2940.00	2946.00	2915.50	0.151 times
09 Fri Aug 2024	2948.60	2960.00	2967.80	2866.50	1.154 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

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
12 Mon Aug 2024	2921.25	3024.00	3036.00	2866.50	0.362 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 red color and prices are below the red 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 2952.2 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.