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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 2024-10-03 View latest technical analysis

10 day averaged volume of Reliance Industries is 8616181

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	2813.95	2873.15	2898.80	2804.15	2.191 times
01 Tue Oct 2024	2929.65	2961.30	2975.90	2925.65	0.954 times
30 Mon Sep 2024	2953.15	3038.80	3049.95	2948.80	1.567 times
27 Fri Sep 2024	3052.35	2998.00	3066.95	2984.00	1.195 times
26 Thu Sep 2024	2995.90	2981.30	3008.00	2976.10	1.092 times
25 Wed Sep 2024	2987.90	2967.80	2993.00	2960.40	0.41 times
24 Tue Sep 2024	2978.75	2977.00	3001.00	2975.75	0.994 times
23 Mon Sep 2024	2986.75	2982.00	3003.00	2977.90	0.513 times
20 Fri Sep 2024	2971.85	2948.00	2990.00	2942.75	1.793 times
19 Thu Sep 2024	2939.35	2932.50	2953.00	2911.10	0.984 times

Stock of Reliance Industries (RELIANCE) has showed a significant fall. This could be a good time to exit from this stock.

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 2849.3, for a target of 2904.1 or 2949.76

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2718.60
Downside Target	2804.15
Upside Target	2866.50
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	2728.75
Downside Intraday Target	2643.55
Upside Intraday Target	2974.55
Upside Intraday Target	3135.15
Upside Intraday Target	2889.35

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	2813.95	3038.80	3049.95	2804.15	1.121 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
03 Thu Oct 2024	2813.95	2961.30	2975.90	2804.15	0.182 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Reliance Industries ( (RELIANCE) ) based on a short to mid 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 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 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 getting stronger in this stock.

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 and selling is picking up 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 2945.86 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.