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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 2024-12-16 View latest technical analysis

10 day averaged volume of Reliance Industries is 16535355

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	1268.30	1275.00	1281.00	1266.55	0.574 times
13 Fri Dec 2024	1272.85	1260.00	1275.20	1239.60	1.731 times
12 Thu Dec 2024	1262.90	1270.00	1278.20	1260.60	1.264 times
11 Wed Dec 2024	1278.20	1285.00	1290.00	1276.05	0.709 times
10 Tue Dec 2024	1284.85	1289.25	1294.90	1280.20	0.97 times
09 Mon Dec 2024	1295.15	1303.00	1315.00	1293.10	0.886 times
06 Fri Dec 2024	1311.55	1323.90	1323.90	1310.00	0.547 times
05 Thu Dec 2024	1322.05	1314.35	1329.95	1306.15	1.02 times
04 Wed Dec 2024	1308.95	1326.00	1328.40	1304.05	1.186 times
03 Tue Dec 2024	1323.30	1317.00	1326.80	1307.00	1.02 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 1258 as stoploss in an intra day buy trade for a target of 1283.35. However, stock will show a bearish move below 1258.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	1217.25
Downside Target	1266.55
Upside Target	1320.30
Upside Target	1329.95
Upside Target	1341.95
Upside Target	2866.50
Upside Target	2891.75
Upside Target	2975.90
Upside Target	3066.95
Upside Target	3079.45

Intraday share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Intraday Target	1262.9
Downside Intraday Target	1257.5
Upside Intraday Target	1277.35
Upside Intraday Target	1286.4
Upside Intraday Target	1271.95

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	1268.30	1275.00	1281.00	1266.55	0.103 times
13 Fri Dec 2024	1272.85	1303.00	1315.00	1239.60	1.253 times
06 Fri Dec 2024	1311.55	1288.00	1329.95	1277.05	0.966 times
29 Fri Nov 2024	1292.20	1290.00	1304.45	1269.05	1.122 times
22 Fri Nov 2024	1265.40	1267.60	1281.50	1217.25	1.441 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
16 Mon Dec 2024	1268.30	1288.00	1329.95	1239.60	0.625 times
29 Fri Nov 2024	1292.20	1333.05	1341.95	1217.25	1.258 times
31 Thu Oct 2024	1332.05	2961.30	2975.90	1320.30	1.494 times
30 Mon Sep 2024	2953.15	3021.75	3066.95	2891.75	1.147 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 BUY signal for Reliance Industries in short term but the buy signal is initial and weak.

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 coming down

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 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 1291.58 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.