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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 2024-12-31 View latest technical analysis

10 day averaged volume of Reliance Industries is 11680038

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	1215.45	1208.00	1219.10	1206.15	0.548 times
30 Mon Dec 2024	1210.70	1216.40	1223.20	1208.10	0.755 times
27 Fri Dec 2024	1221.05	1218.30	1227.90	1217.00	0.599 times
26 Thu Dec 2024	1216.55	1224.25	1227.70	1214.25	0.858 times
24 Tue Dec 2024	1222.75	1222.30	1233.55	1221.00	0.577 times
23 Mon Dec 2024	1222.30	1215.00	1227.20	1213.20	0.861 times
20 Fri Dec 2024	1205.30	1224.00	1239.50	1201.50	1.739 times
19 Thu Dec 2024	1230.45	1239.00	1244.90	1229.00	1.22 times
18 Wed Dec 2024	1253.25	1240.65	1259.95	1240.65	1.085 times
17 Tue Dec 2024	1245.30	1261.05	1263.90	1242.80	1.495 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1219.8, but if it comes above 1219.8, then a intra day buy could be more profitable.
If you take a sell trade below 1219.8, then use 1219.8 as stoploss and 1173.3 as target. However if you take a buy trade in stock , then use 1219.8 as stoploss and 1258.56 as target.

Share price targets for Reliance Industries (RELIANCE)

Target Type	Value
Downside Target	1201.50
Upside Target	1277.05
Upside Target	1315.00
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	1206.67
Downside Intraday Target	1197.88
Upside Intraday Target	1223.72
Upside Intraday Target	1231.98
Downside Intraday Target	1214.93

Weekly technical analysis of Reliance Industries (RELIANCE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	1215.45	1216.40	1223.20	1206.15	0.45 times
27 Fri Dec 2024	1221.05	1215.00	1233.55	1213.20	0.456 times
20 Fri Dec 2024	1205.30	1275.00	1281.00	1201.50	0.807 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

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
31 Tue Dec 2024	1215.45	1288.00	1329.95	1201.50	1.031 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 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 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 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 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

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 1225.42 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.