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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 2024-10-22 View latest technical analysis

10 day averaged volume of Reliance Industries is 8469119

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2686.70	2738.40	2752.00	2680.45	0.935 times
21 Mon Oct 2024	2738.40	2734.25	2748.00	2715.45	0.831 times
18 Fri Oct 2024	2718.60	2704.35	2736.85	2682.65	0.713 times
17 Thu Oct 2024	2712.85	2731.40	2736.90	2704.10	0.918 times
16 Wed Oct 2024	2708.15	2680.00	2728.00	2675.25	1.183 times
15 Tue Oct 2024	2688.05	2717.05	2743.40	2681.40	1.993 times
14 Mon Oct 2024	2745.05	2758.90	2760.15	2736.50	0.722 times
11 Fri Oct 2024	2744.20	2740.00	2766.55	2737.65	0.471 times
10 Thu Oct 2024	2742.10	2760.05	2772.00	2738.85	1.32 times
09 Wed Oct 2024	2749.20	2795.05	2801.95	2745.00	0.845 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2695.5, but if it comes above 2695.5, then a intra day buy could be more profitable.
If you take a sell trade below 2695.5, then use 2695.5 as stoploss and 2554.9 as target. However if you take a buy trade in stock , then use 2695.5 as stoploss and 2812.71 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2675.25
Upside Target	2866.50
Upside Target	2926.00
Upside Target	2960.40
Upside Target	2975.90
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	2660.77
Downside Intraday Target	2634.83
Upside Intraday Target	2732.32
Upside Intraday Target	2777.93
Upside Intraday Target	2706.38

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2686.70	2734.25	2752.00	2680.45	0.319 times
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

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
22 Tue Oct 2024	2686.70	2961.30	2975.90	2675.25	1.003 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 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 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 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 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 2718.21 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.