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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 2024-09-27 View latest technical analysis

10 day averaged volume of Reliance Industries is 6420706

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	3052.35	2998.00	3066.95	2984.00	1.604 times
26 Thu Sep 2024	2995.90	2981.30	3008.00	2976.10	1.465 times
25 Wed Sep 2024	2987.90	2967.80	2993.00	2960.40	0.55 times
24 Tue Sep 2024	2978.75	2977.00	3001.00	2975.75	1.335 times
23 Mon Sep 2024	2986.75	2982.00	3003.00	2977.90	0.688 times
20 Fri Sep 2024	2971.85	2948.00	2990.00	2942.75	2.406 times
19 Thu Sep 2024	2939.35	2932.50	2953.00	2911.10	1.32 times
18 Wed Sep 2024	2926.90	2940.00	2964.00	2921.10	0.668 times
17 Tue Sep 2024	2944.60	2948.00	2954.95	2933.25	0.462 times
16 Mon Sep 2024	2942.70	2955.10	2961.80	2929.50	0.427 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 3058.8, for a target of 3009.8 or 2968.92

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2866.50
Downside Target	2986.00
Downside Target	2990.00
Upside Target	3053.60
Upside Target	3066.95
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	2986.18
Downside Intraday Target	2920.02
Upside Intraday Target	3092.73
Upside Intraday Target	3133.12
Downside Intraday Target	3026.57

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	3052.35	2982.00	3066.95	2960.40	1.068 times
20 Fri Sep 2024	2971.85	2955.10	2990.00	2911.10	1.12 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

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
27 Fri Sep 2024	3052.35	3021.75	3066.95	2891.75	1.043 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 up 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 2980.52 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.