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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 2024-09-11 View latest technical analysis

10 day averaged volume of Reliance Industries is 8957564

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	2903.00	2926.10	2937.50	2895.10	0.545 times
10 Tue Sep 2024	2923.05	2921.00	2944.10	2915.15	0.601 times
09 Mon Sep 2024	2924.90	2933.00	2939.85	2911.20	0.503 times
06 Fri Sep 2024	2929.65	2985.00	2994.00	2923.25	1.083 times
05 Thu Sep 2024	2985.95	3038.10	3051.55	2974.10	0.908 times
04 Wed Sep 2024	3029.10	3001.40	3035.00	2999.00	0.669 times
03 Tue Sep 2024	3018.25	3042.50	3046.00	3015.00	0.61 times
02 Mon Sep 2024	3032.50	3021.75	3053.60	3013.25	0.627 times
30 Fri Aug 2024	3019.25	3068.00	3079.45	3006.65	2.323 times
29 Thu Aug 2024	3041.85	3006.20	3074.00	2988.00	2.14 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 2892.8, for a target of 2942.3 or 2983.63

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2866.50
Upside Target	2984.45
Upside Target	2986.00
Upside Target	3022.65
Upside Target	3053.60
Upside Target	3079.45
Upside Target	3162.00
Upside Target	3217.60

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	2884.03
Downside Intraday Target	2865.07
Upside Intraday Target	2933.03
Upside Intraday Target	2963.07
Upside Intraday Target	2914.07

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	2903.00	2933.00	2944.10	2895.10	0.423 times
06 Fri Sep 2024	2929.65	3021.75	3053.60	2923.25	0.667 times
30 Fri Aug 2024	3019.25	3013.95	3079.45	2986.00	2.106 times
23 Fri Aug 2024	2999.95	2965.00	3022.65	2961.00	1.648 times
16 Fri Aug 2024	2956.40	2940.00	2960.80	2907.40	0.557 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
11 Wed Sep 2024	2903.00	3021.75	3053.60	2895.10	0.383 times
30 Fri Aug 2024	3019.25	3024.00	3079.45	2866.50	1.128 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

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 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 2995.95 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.