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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 2024-10-23 View latest technical analysis

10 day averaged volume of Reliance Industries is 8409676

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	2677.05	2675.00	2714.95	2670.00	1.024 times
22 Tue Oct 2024	2686.70	2738.40	2752.00	2680.45	0.941 times
21 Mon Oct 2024	2738.40	2734.25	2748.00	2715.45	0.836 times
18 Fri Oct 2024	2718.60	2704.35	2736.85	2682.65	0.718 times
17 Thu Oct 2024	2712.85	2731.40	2736.90	2704.10	0.924 times
16 Wed Oct 2024	2708.15	2680.00	2728.00	2675.25	1.191 times
15 Tue Oct 2024	2688.05	2717.05	2743.40	2681.40	2.007 times
14 Mon Oct 2024	2745.05	2758.90	2760.15	2736.50	0.727 times
11 Fri Oct 2024	2744.20	2740.00	2766.55	2737.65	0.474 times
10 Thu Oct 2024	2742.10	2760.05	2772.00	2738.85	1.329 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2683.4, but if it comes above 2683.4, then a intra day buy could be more profitable.
If you take a sell trade below 2683.4, then use 2683.4 as stoploss and 2546.3 as target. However if you take a buy trade in stock , then use 2683.4 as stoploss and 2797.62 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	2670.00
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	2647.37
Downside Intraday Target	2617.68
Upside Intraday Target	2729.37
Upside Intraday Target	2781.68
Upside Intraday Target	2699.68

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	2677.05	2734.25	2752.00	2670.00	0.503 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
23 Wed Oct 2024	2677.05	2961.30	2975.90	2670.00	1.061 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 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 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 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 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 2711.48 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.