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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 2024-09-16 View latest technical analysis

10 day averaged volume of Reliance Industries is 6520291

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	2942.70	2955.10	2961.80	2929.50	0.42 times
13 Fri Sep 2024	2945.25	2952.80	2966.30	2939.00	0.668 times
12 Thu Sep 2024	2959.60	2914.00	2972.00	2891.75	1.714 times
11 Wed Sep 2024	2903.00	2926.10	2937.50	2895.10	0.748 times
10 Tue Sep 2024	2923.05	2921.00	2944.10	2915.15	0.826 times
09 Mon Sep 2024	2924.90	2933.00	2939.85	2911.20	0.691 times
06 Fri Sep 2024	2929.65	2985.00	2994.00	2923.25	1.487 times
05 Thu Sep 2024	2985.95	3038.10	3051.55	2974.10	1.247 times
04 Wed Sep 2024	3029.10	3001.40	3035.00	2999.00	0.919 times
03 Tue Sep 2024	3018.25	3042.50	3046.00	3015.00	0.838 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2942.3 as stoploss in an intra day buy trade for a target of 2983.16. However, stock will show a bearish move below 2942.3.

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	2927.53
Downside Intraday Target	2912.37
Upside Intraday Target	2959.83
Upside Intraday Target	2976.97
Upside Intraday Target	2944.67

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	2942.70	2955.10	2961.80	2929.50	0.09 times
13 Fri Sep 2024	2945.25	2933.00	2972.00	2891.75	0.868 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

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
16 Mon Sep 2024	2942.70	3021.75	3053.60	2891.75	0.524 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 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 BUY signal in short term and the buying is gaining 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 2958.36 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.