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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 2024-10-18 View latest technical analysis

10 day averaged volume of Reliance Industries is 10124336

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	2718.60	2704.35	2736.85	2682.65	0.597 times
17 Thu Oct 2024	2712.85	2731.40	2736.90	2704.10	0.768 times
16 Wed Oct 2024	2708.15	2680.00	2728.00	2675.25	0.989 times
15 Tue Oct 2024	2688.05	2717.05	2743.40	2681.40	1.667 times
14 Mon Oct 2024	2745.05	2758.90	2760.15	2736.50	0.604 times
11 Fri Oct 2024	2744.20	2740.00	2766.55	2737.65	0.394 times
10 Thu Oct 2024	2742.10	2760.05	2772.00	2738.85	1.104 times
09 Wed Oct 2024	2749.20	2795.05	2801.95	2745.00	0.707 times
08 Tue Oct 2024	2794.70	2745.95	2802.00	2730.20	0.841 times
07 Mon Oct 2024	2741.45	2787.00	2793.00	2722.75	1.095 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 2718 as stoploss in an intra day buy trade for a target of 2839.38. However, stock will show a bearish move below 2718.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2675.25
Upside Target	2866.50
Upside Target	2960.40
Upside Target	2975.90
Upside Target	2990.00
Upside Target	3049.95
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	2675.85
Downside Intraday Target	2633.1
Upside Intraday Target	2760.75
Upside Intraday Target	2802.9
Downside Intraday Target	2718

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	2718.60	2758.90	2760.15	2675.25	1.117 times
11 Fri Oct 2024	2744.20	2787.00	2802.00	2722.75	0.709 times
04 Fri Oct 2024	2773.05	3038.80	3049.95	2763.55	1.632 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

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
18 Fri Oct 2024	2718.60	2961.30	2975.90	2675.25	0.903 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 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 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.

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 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 moving up

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

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 2729.66 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.