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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 2024-08-22 View latest technical analysis

10 day averaged volume of Reliance Industries is 4346255

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2996.25	3006.00	3013.00	2981.30	1.202 times
21 Wed Aug 2024	2997.35	2986.50	3015.75	2980.00	0.894 times
20 Tue Aug 2024	2991.90	2994.45	3007.85	2980.05	0.968 times
19 Mon Aug 2024	2976.80	2965.00	2996.60	2961.00	1.587 times
16 Fri Aug 2024	2956.40	2937.30	2960.80	2916.10	1.083 times
14 Wed Aug 2024	2923.70	2927.10	2944.00	2907.40	0.721 times
13 Tue Aug 2024	2927.25	2921.50	2940.15	2916.00	0.721 times
12 Mon Aug 2024	2921.25	2940.00	2946.00	2915.50	0.942 times
09 Fri Aug 2024	2948.60	2920.00	2953.00	2912.00	0.719 times
08 Thu Aug 2024	2898.25	2915.05	2930.00	2891.85	1.425 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3014.8 as stoploss in an intra day sell trade for a target of 2969.18. However, stock will show a bullish move above 3014.8.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2866.50
Downside Target	2984.45
Downside Target	2986.55
Downside Target	2988.00
Upside Target	3015.75
Upside Target	3036.00
Upside Target	3055.00
Upside Target	3075.00
Upside Target	3162.00
Upside Target	3217.60

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2966.25
Downside Intraday Target	2936.25
Upside Intraday Target	3021
Upside Intraday Target	3045.75
Downside Intraday Target	2991

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2996.25	2965.00	3015.75	2961.00	1.342 times
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

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
22 Thu Aug 2024	2996.25	3024.00	3036.00	2866.50	0.633 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 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Reliance Industries in short term but the buy signal is initial and weak.

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

Reliance Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

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 2954.94 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 rising upwards.

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 is giving positive 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.