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2022 Reliance Industries (RELIANCE) technical analysis [forecast] stock price targets

Reliance Industries technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Reliance Industries deals in Integrated Oil & Gas Reliance Industries option chain analysis

Date Close Open High Low Volume
25 Tue Jan 2373.25 2349.55 2388.65 2305.00 113.11 lakhs
24 Mon Jan 2377.90 2475.00 2504.75 2355.10 100.93 lakhs
21 Fri Jan 2477.85 2452.00 2502.25 2452.00 61.56 lakhs
20 Thu Jan 2477.45 2500.05 2509.95 2455.00 76.12 lakhs
19 Wed Jan 2521.60 2530.00 2542.00 2509.00 45.02 lakhs
RELIANCE chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2394.3, but if it comes above 2394.3, then a intra day buy could be more profitable.
If you take a sell trade below 2394.3, then use 2394.3 as stoploss and 2321.1 as target. However if you take a buy trade in stock , then use 2394.3 as stoploss and 2455.24 as target.

  • Daily Price action analysis of RELIANCE based on a short 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.

  • Daily Price action analysis of RELIANCE based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

  • Daily Price action analysis of RELIANCE based on a 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.

Intraday technical analysis of Reliance Industries

Stock is trading at 2333.10 as on 27 Thu Jan 11:20

Day open is at 2336.00, day high is at 2348.25, day low is at 2320.70, and day volume is at 613.24 lakhs so far.

First 15 minute high low range is 2323.50 - 2348.25

First hour high low range is 2320.70 - 2348.25

Date Intraday Price Open High Low Volume
27 Thu Jan 11:20 2333.10 2336.00 2348.25 2320.70 3443265
27 Thu Jan 11:15 2332.75 2336.00 2348.25 2320.70 3389743
27 Thu Jan 11:10 2328.40 2336.00 2348.25 2320.70 3338122
27 Thu Jan 11:05 2328.60 2336.00 2348.25 2320.70 3274548
27 Thu Jan 11:00 2327.35 2336.00 2348.25 2320.70 3182565
Intraday RELIANCE chart

Prices of Reliance Industries are definitely rising in intraday. Look for buy opportunities.

Take a trade after 9:30am only.

Reliance Industries (RELIANCE) intraday stock price targets

  • EntEntry: 2335.88 or 2363.8875
  • Upside target: 2348.25
  • Downside target : 2298.75
  • Second Upside target: 2422.78
  • Second Downside target : 2339.13

Reliance Industries (RELIANCE) weekly technical analysis

Date Weekly Close Open Range Volume
25 Tue Jan 2373.25 2475.00 2305.00
2504.75
214.04 lakhs
21 Fri Jan 2477.85 2538.00 2452.00
2565.00
248.472 lakhs
14 Fri Jan 2539.00 2452.00 2416.05
2567.30
332.461 lakhs
07 Fri Jan 2436.00 2365.00 2363.55
2477.00
256.006 lakhs
31 Fri Dec 2368.15 2361.55 2345.60
2419.00
298.256 lakhs
weekly RELIANCE chart

Weekly forecast of Reliance Industries is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Reliance Industries based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Weekly Price action analysis of Reliance Industries 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.

Reliance Industries (RELIANCE) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Tue Jan 2373.25 2365.00 2305.00
2567.30
1050.979 lakhs
31 Fri Dec 2368.15 2433.00 2247.10
2498.50
1321.808 lakhs
30 Tue Nov 2405.40 2536.25 2309.00
2602.20
1482.504 lakhs
29 Fri Oct 2536.25 2501.95 2495.00
2751.35
1078.87 lakhs
30 Thu Sep 2519.25 2273.00 2255.00
2570.00
1518.318 lakhs
monthly RELIANCE chart

Monthly forecast of Reliance Industries is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Reliance Industries 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

Monthly Price action analysis of Reliance Industries 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.

Reliance Industries Daily stock price targets

  • Upside daily target: 2573.88
  • Upside daily target: 2441.33
  • Downside daily target: 2291.68

Reliance Industries Weekly stock price targets

  • Upside weekly target: 2628.78
  • Upside weekly target: 2486.71
  • Downside weekly target: 2363.64
  • Downside weekly target: 2239.25

Reliance Industries Monthly stock price targets

  • Upside monthly target: 2771.98
  • Upside monthly target: 2633.49
  • Upside monthly target: 2503.8
  • Downside monthly target: 2340.21
  • Downside monthly target: 2216.7
  • Downside monthly target: 2094.43
  • Downside monthly target: 1957.13
  • Downside monthly target: 1850.5

Reliance Industries (RELIANCE) indicators technical analysis

Price action analysis of Reliance Industries (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

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

MACD generated a SELL signal for Reliance Industries in short term but the sell signal is initial and weak.

Reliance Industries 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Reliance Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2471.59 and Reliance Industries 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 Industries RELIANCE stock. Volume based technical analysis of Reliance Industries RELIANCE stock is negative.

Reliance Industries 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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