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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)

10 day averaged volume of Reliance is 599739

Date Daily Closing Price Open High Low Volume
14 Mon Jun 2021 2245.30 2214.00 2258.30 2196.00 0.644 times
11 Fri Jun 2021 2213.00 2186.70 2227.90 2182.70 0.382 times
10 Thu Jun 2021 2182.70 2192.20 2229.95 2177.20 0.448 times
09 Wed Jun 2021 2174.75 2219.90 2221.60 2158.25 0.599 times
08 Tue Jun 2021 2214.70 2224.65 2227.00 2198.40 0.254 times
07 Mon Jun 2021 2227.30 2205.90 2241.80 2184.60 1.026 times
04 Fri Jun 2021 2190.60 2219.00 2219.00 2183.80 0.436 times
03 Thu Jun 2021 2209.25 2222.00 2250.00 2196.10 1.268 times
02 Wed Jun 2021 2201.30 2159.90 2209.90 2158.55 0.667 times
01 Tue Jun 2021 2168.25 2164.10 2201.70 2147.35 1.528 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2213.1, but if it comes below 2213.1, then a intra day sell could be more profitable.
If you take a sell trade below 2213.1, then use 2213.1 as stoploss and 2107.54 as target. However if you take a buy trade in stock , then use 2213.1 as stoploss and 2339.8 as target.

Share price targets for Reliance (Reliance)

Target Type Value
Downside Target 1845.20
Downside Target 2016.60
Downside Target 2147.35
Downside Target 2158.25
Downside Target 2191.50
Downside Target 2196.00
Downside Target 2231.00
Downside Target 2241.80
Upside Target 2250.00
Upside Target 2258.30

Intraday share price targets for Reliance (Reliance)

Target Type Value
Downside Intraday Target 2208.1
Downside Intraday Target 2170.9
Upside Intraday Target 2270.4
Upside Intraday Target 2295.5
Downside Intraday Target 2233.2

Weekly technical analysis of Reliance (Reliance)

Date Weekly Closing Price Open High Low Volume
14 Mon Jun 2021 2245.30 2214.00 2258.30 2196.00 0.238 times
11 Fri Jun 2021 2213.00 2205.90 2241.80 2158.25 0.372 times
04 Fri Jun 2021 2190.60 2101.00 2250.00 2082.00 1.238 times
28 Fri May 2021 2094.90 2007.40 2105.00 1960.10 1.736 times
21 Fri May 2021 2000.90 1938.70 2016.60 1931.00 1.473 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
14 Mon Jun 2021 2245.30 2164.10 2258.30 2147.35 0.382 times
31 Mon May 2021 2160.45 1963.70 2191.50 1906.50 1.055 times
30 Fri Apr 2021 1994.45 2019.70 2046.10 1877.60 1.059 times
31 Wed Mar 2021 2003.20 2114.45 2231.00 1973.05 0.594 times

Scroll below to view daily charts

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 32, 10, 53 Buy
MACD 110, 97Buy
Stochastics 80Buy
CCI 134Buy
RSI 53Buy
OBV 8021783Sell
VWAP 2200Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 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 to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Reliance ( (Reliance) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Reliance in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2200.41 and Reliance (Reliance) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Reliance (Reliance) stock. Volume based technical analysis of Reliance (Reliance) stock is negative.

Reliance Stock is giving positive 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.

Click here for Reliance charts

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Daily charts

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