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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 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, -73Sell
Stochastics 29Sell
CCI 9Buy
RSI 54Buy
OBV -1948669Sell
VWAP 2269Buy
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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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Daily charts

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Daily chart

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