(Reliance) Reliance complete technical analysis [charts+indicators] | Buy/Sell Reliance | (Reliance) share price targets
Complete technical analysis of Reliance (Reliance) by charts plus indicators, forecast predictions and share price targets for Reliance (Reliance)
10 day averaged volume of Reliance is 246457
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 2932.10 | 2945.35 | 2953.90 | 2927.65 | 0.506 times |
| 30 Tue Apr 2024 | 2931.15 | 2930.90 | 2965.00 | 2927.00 | 0.962 times |
| 29 Mon Apr 2024 | 2930.50 | 2902.95 | 2935.55 | 2900.10 | 0.79 times |
| 26 Fri Apr 2024 | 2903.00 | 2925.15 | 2930.00 | 2900.00 | 1.828 times |
| 25 Thu Apr 2024 | 2918.40 | 2888.00 | 2935.00 | 2885.20 | 0.783 times |
My analysis of stock is bearish for shortterm, and stock might move down till 2915.3 or till 2892.7. Use a stoploss of 2934.19 and if the stock hits stoploss, then it can shoot up till 2953.06
Share price targets for Reliance (Reliance)
| Target Type | Value |
| Downside Target | 2568.30 |
| Downside Target | 2826.90 |
| Upside Target | 2953.90 |
| Upside Target | 2965.00 |
| Upside Target | 2971.50 |
| Upside Target | 2980.50 |
| Upside Target | 2986.05 |
| Upside Target | 2988.50 |
| Upside Target | 2999.85 |
| Upside Target | 3024.80 |
Intraday share price targets for Reliance (Reliance)
| Target Type | Value |
| Downside Intraday Target | 2899.8 |
| Downside Intraday Target | 2867.5 |
| Upside Intraday Target | 2964.7 |
| Upside Intraday Target | 2997.3 |
| Upside Intraday Target | 2932.4 |
Weekly technical analysis of Reliance (Reliance)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 2932.10 | 2902.95 | 2965.00 | 2900.10 | 0.475 times |
| 26 Fri Apr 2024 | 2903.00 | 2950.00 | 2986.05 | 2885.20 | 0.98 times |
| 19 Fri Apr 2024 | 2941.60 | 2908.65 | 2971.50 | 2886.75 | 1.138 times |
| 12 Fri Apr 2024 | 2935.10 | 2923.40 | 2980.50 | 2923.40 | 1.039 times |
| 05 Fri Apr 2024 | 2919.95 | 2985.00 | 2988.50 | 2900.50 | 0.55 times |
Price has moved up 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 (Reliance)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 2932.10 | 2945.35 | 2953.90 | 2927.65 | 0.026 times |
| 30 Tue Apr 2024 | 2931.15 | 2985.00 | 2988.50 | 2885.20 | 0.963 times |
| 28 Thu Mar 2024 | 2976.80 | 2916.70 | 3024.80 | 2826.90 | 0.999 times |
| 29 Thu Feb 2024 | 2924.75 | 2871.20 | 2999.85 | 2836.70 | 0.652 times |
Price has moved up 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 (Reliance)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 17, 17, 1 | Buy |
| MACD | 11, 14 | Sell |
| Stochastics | 46 | None |
| CCI | 44 | Sell |
| RSI | 49 | Sell |
| OBV | -895517 | Sell |
| VWAP | 2927 | Buy |
| ADL | 0 | Sell |
| ROC | -0 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Reliance ( (Reliance) ) based on a short term time period is
Price action analysis of Reliance ( (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 ( (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 ( (Reliance) ) based on a mid to longer term time period is
ADX buy sell signal for Reliance stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Reliance in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Reliance in short term but SELL 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 is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 2926.73 and Reliance (Reliance) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Reliance (Reliance) stock. Volume based technical analysis of Reliance (Reliance) stock is negative.
Reliance Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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