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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 2024-08-16 View latest technical analysis

10 day averaged volume of Reliance Industries is 4792201

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	2956.40	2937.30	2960.80	2916.10	0.983 times
14 Wed Aug 2024	2923.70	2927.10	2944.00	2907.40	0.654 times
13 Tue Aug 2024	2927.25	2921.50	2940.15	2916.00	0.654 times
12 Mon Aug 2024	2921.25	2940.00	2946.00	2915.50	0.854 times
09 Fri Aug 2024	2948.60	2920.00	2953.00	2912.00	0.652 times
08 Thu Aug 2024	2898.25	2915.05	2930.00	2891.85	1.292 times
07 Wed Aug 2024	2929.65	2938.00	2945.00	2923.00	0.853 times
06 Tue Aug 2024	2912.10	2910.30	2955.00	2902.65	1.068 times
05 Mon Aug 2024	2894.65	2960.00	2967.80	2866.50	1.779 times
02 Fri Aug 2024	2998.65	3010.00	3018.65	2986.55	1.071 times

My analysis of stock is bearish for shortterm, and stock might move down till 2920.1 or till 2854.3. Use a stoploss of 2975.01 and if the stock hits stoploss, then it can shoot up till 3029.89

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	2922.27
Downside Intraday Target	2888.13
Upside Intraday Target	2975.67
Upside Intraday Target	2994.93
Downside Intraday Target	2941.53

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	2956.40	2940.00	2960.80	2907.40	0.557 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 up 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 Fri Aug 2024	2956.40	3024.00	3036.00	2866.50	0.457 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 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 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 losing momentum.

MACD generated a SELL signal for Reliance Industries in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Reliance Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 2927.45 and Reliance Industries (RELIANCE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.