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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 2024-10-30 View latest technical analysis

10 day averaged volume of Reliance Industries is 9059676

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	1343.90	1335.00	1350.00	1325.35	1.323 times
29 Tue Oct 2024	1340.00	1328.10	1343.20	1320.30	1.325 times
28 Mon Oct 2024	1334.35	1337.00	1353.00	1322.10	1.195 times
25 Fri Oct 2024	2655.70	2687.00	2688.70	2644.00	1.026 times
24 Thu Oct 2024	2679.60	2670.55	2687.40	2646.25	1.223 times
23 Wed Oct 2024	2677.05	2675.00	2714.95	2670.00	0.95 times
22 Tue Oct 2024	2686.70	2738.40	2752.00	2680.45	0.874 times
21 Mon Oct 2024	2738.40	2734.25	2748.00	2715.45	0.776 times
18 Fri Oct 2024	2718.60	2704.35	2736.85	2682.65	0.667 times
17 Thu Oct 2024	2712.85	2731.40	2736.90	2704.10	0.858 times

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 1425.6, for a target of 2022.2 or 2519.35

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	1320.30
Upside Target	1353.00
Upside Target	2644.00
Upside Target	2866.50
Upside Target	2891.75
Upside Target	2926.00
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	1325.13
Downside Intraday Target	1306.37
Upside Intraday Target	1357.83
Upside Intraday Target	1371.77
Downside Intraday Target	1339.07

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	1343.90	1337.00	1353.00	1320.30	0.792 times
25 Fri Oct 2024	2655.70	2734.25	2752.00	2644.00	0.938 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

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
30 Wed Oct 2024	1343.90	2961.30	2975.90	1320.30	1.432 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 losing 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 moving up

CCI has generated a buy signal for Reliance Industries in short term but BUY signal is weak.

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 2183.34 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.