(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 310724
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed Mar 2023 | 2276.65 | 2280.10 | 2291.30 | 2270.00 | 0.743 times |
| 21 Tue Mar 2023 | 2270.05 | 2222.00 | 2273.85 | 2218.00 | 1.422 times |
| 20 Mon Mar 2023 | 2201.60 | 2223.00 | 2223.00 | 2180.00 | 0.727 times |
| 17 Fri Mar 2023 | 2223.05 | 2249.00 | 2251.55 | 2212.90 | 1.179 times |
| 16 Thu Mar 2023 | 2226.05 | 2237.05 | 2254.95 | 2202.30 | 0.817 times |
| 15 Wed Mar 2023 | 2236.85 | 2284.90 | 2299.00 | 2228.00 | 1.36 times |
| 14 Tue Mar 2023 | 2276.50 | 2281.15 | 2305.00 | 2269.65 | 1.06 times |
| 13 Mon Mar 2023 | 2284.90 | 2328.00 | 2344.00 | 2275.00 | 1.065 times |
| 10 Fri Mar 2023 | 2323.15 | 2343.30 | 2343.30 | 2315.20 | 1.086 times |
| 09 Thu Mar 2023 | 2360.15 | 2419.90 | 2419.90 | 2356.15 | 0.964 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 2254.8 as stoploss in an intra day buy trade for a target of 2319.19. However, stock will show a bearish move below 2254.8.
Share price targets for Reliance (Reliance)
| Target Type | Value |
| Downside Target | 2180.00 |
| Upside Target | 2291.30 |
| Upside Target | 2424.50 |
| Upside Target | 2449.45 |
| Upside Target | 2463.00 |
| Upside Target | 2493.00 |
| Upside Target | 2508.00 |
| Upside Target | 2605.00 |
| Upside Target | 2743.60 |
| Upside Target | 2754.70 |
Intraday share price targets for Reliance (Reliance)
| Target Type | Value |
| Downside Intraday Target | 2207.33 |
| Downside Intraday Target | 2138.02 |
| Upside Intraday Target | 2318.63 |
| Upside Intraday Target | 2360.62 |
| Downside Intraday Target | 2249.32 |
Weekly technical analysis of Reliance (Reliance)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed Mar 2023 | 2276.65 | 2223.00 | 2291.30 | 2180.00 | 0.527 times |
| 17 Fri Mar 2023 | 2223.05 | 2328.00 | 2344.00 | 2202.30 | 1.881 times |
| 10 Fri Mar 2023 | 2323.15 | 2395.00 | 2424.50 | 2315.20 | 0.832 times |
| 03 Fri Mar 2023 | 2385.05 | 2378.60 | 2393.00 | 2314.75 | 0.912 times |
| 24 Fri Feb 2023 | 2385.80 | 2440.40 | 2449.45 | 2361.50 | 1.25 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 |
| 22 Wed Mar 2023 | 2276.65 | 2342.20 | 2424.50 | 2180.00 | 0.912 times |
| 28 Tue Feb 2023 | 2321.95 | 2380.00 | 2463.00 | 2293.10 | 0.854 times |
| 31 Tue Jan 2023 | 2353.90 | 2556.90 | 2605.00 | 2301.15 | 1.743 times |
| 30 Fri Dec 2022 | 2548.20 | 2736.00 | 2754.70 | 2493.00 | 0.334 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 21, 32, 20 | Sell |
| MACD | -79, -73 | Sell |
| Stochastics | 29 | Sell |
| CCI | 9 | Buy |
| RSI | 54 | Buy |
| OBV | -1948669 | Sell |
| VWAP | 2269 | Buy |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Reliance ( (Reliance) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Reliance in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing 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 2268.69 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 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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