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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 2024-10-01 View latest technical analysis

10 day averaged volume of Reliance Industries is 8091366

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	2929.65	2961.30	2975.90	2925.65	1.015 times
30 Mon Sep 2024	2953.15	3038.80	3049.95	2948.80	1.669 times
27 Fri Sep 2024	3052.35	2998.00	3066.95	2984.00	1.273 times
26 Thu Sep 2024	2995.90	2981.30	3008.00	2976.10	1.163 times
25 Wed Sep 2024	2987.90	2967.80	2993.00	2960.40	0.437 times
24 Tue Sep 2024	2978.75	2977.00	3001.00	2975.75	1.059 times
23 Mon Sep 2024	2986.75	2982.00	3003.00	2977.90	0.546 times
20 Fri Sep 2024	2971.85	2948.00	2990.00	2942.75	1.909 times
19 Thu Sep 2024	2939.35	2932.50	2953.00	2911.10	1.048 times
18 Wed Sep 2024	2926.90	2940.00	2964.00	2921.10	0.53 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 2923.6 as stoploss in an intra day buy trade for a target of 2960.52. However, stock will show a bearish move below 2923.6.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2866.50
Upside Target	2975.90
Upside Target	2990.00
Upside Target	3049.95
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	2886.88
Downside Intraday Target	2844.12
Upside Intraday Target	3011.18
Upside Intraday Target	3092.72
Upside Intraday Target	2968.42

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	2929.65	3038.80	3049.95	2925.65	0.6 times
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

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
01 Tue Oct 2024	2929.65	2961.30	2975.90	2925.65	0.055 times
30 Mon Sep 2024	2953.15	3021.75	3066.95	2891.75	1.147 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

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 2973.82 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.