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(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)

Showing technical analysis as on 2024-05-06 View latest technical analysis

10 day averaged volume of Reliance is 260241

Date Daily Closing Price Open High Low Volume
06 Mon May 2024 2839.00 2875.00 2881.45 2836.25 0.551 times
03 Fri May 2024 2868.50 2938.55 2949.10 2832.70 1.32 times
02 Thu May 2024 2932.10 2945.35 2953.90 2927.65 0.479 times
30 Tue Apr 2024 2931.15 2930.90 2965.00 2927.00 0.911 times
29 Mon Apr 2024 2930.50 2902.95 2935.55 2900.10 0.748 times
26 Fri Apr 2024 2903.00 2925.15 2930.00 2900.00 1.731 times
25 Thu Apr 2024 2918.40 2888.00 2935.00 2885.20 0.742 times
24 Wed Apr 2024 2900.60 2922.30 2936.65 2898.70 0.301 times
23 Tue Apr 2024 2918.50 2968.55 2986.05 2912.50 1.051 times
22 Mon Apr 2024 2960.60 2950.00 2964.30 2936.60 0.676 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 2859.9, for a target of 2894.8 or 2923.88

Share price targets for Reliance (Reliance)

Target Type Value
Downside Target 2568.30
Downside Target 2826.90
Upside Target 2923.40
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 2823.02
Downside Intraday Target 2807.03
Upside Intraday Target 2868.22
Upside Intraday Target 2897.43
Upside Intraday Target 2852.23

Weekly technical analysis of Reliance (Reliance)

Date Weekly Closing Price Open High Low Volume
06 Mon May 2024 2839.00 2875.00 2881.45 2836.25 0.159 times
03 Fri May 2024 2868.50 2902.95 2965.00 2832.70 0.768 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

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 (Reliance)

Date Monthly Closing Price Open High Low Volume
06 Mon May 2024 2839.00 2945.35 2953.90 2832.70 0.126 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

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 (Reliance)

Price action analysis of Reliance ( (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 ( (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 ( (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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Reliance stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Reliance in short term and the sell signal is strong.

Reliance 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 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 positive zone. This is a BUY zone

Stock of Reliance is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2908.32 and Reliance (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 (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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Reliance ( (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 ( (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 ( (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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Reliance stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Reliance in short term and the sell signal is strong.

Reliance 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 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 positive zone. This is a BUY zone

Stock of Reliance is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2908.32 and Reliance (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 (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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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