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2020 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
24 Tue Nov 1964.05 1964.00 1974.00 1932.00 142.77 lakhs
23 Mon Nov 1950.70 1951.00 1970.00 1926.25 209.19 lakhs
20 Fri Nov 1899.50 1975.00 1983.80 1895.00 265.23 lakhs
19 Thu Nov 1973.15 1987.20 2010.45 1968.20 128.28 lakhs
18 Wed Nov 1987.20 1993.25 2006.50 1960.10 140.31 lakhs
RELIANCE chart

My analysis of stock is bearish for shortterm, and stock might move down till 1921.4 or till 1851.2. Use a stoploss of 1979.85 and if the stock hits stoploss, then it can shoot up till 2038.34

  • 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 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 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 1964.05 as on 24 Tue Nov 15:34

Day open is at 1964.00, day high is at 1974.00, day low is at 1932.00, and day volume is at 5517.32 lakhs so far.

First 15 minute high low range is 1945.20 - 1966.00

First hour high low range is 1932.00 - 1966.00

Date Intraday Price Open High Low Volume
24 Tue Nov 15:34 1964.05 1964.00 1974.00 1932.00 14275106
24 Tue Nov 15:30 1971.05 1964.00 1974.00 1932.00 14275106
24 Tue Nov 15:25 1973.80 1964.00 1973.95 1932.00 13990941
24 Tue Nov 15:20 1967.70 1964.00 1967.90 1932.00 13517372
24 Tue Nov 15:15 1964.05 1964.00 1966.00 1932.00 13038090
Intraday RELIANCE chart

Prices of Reliance Industries are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Reliance Industries (RELIANCE) intraday stock price targets

  • EntEntry: 1955.6 or 1961.0125
  • Upside target: 1966
  • Downside target : 1924.4
  • Second Upside target: 1990.03
  • Second Downside target : 1948.03

Reliance Industries (RELIANCE) weekly technical analysis

Date Weekly Close Open Range Volume
24 Tue Nov 1964.05 1951.00 1926.25
1974.00
351.957 lakhs
20 Fri Nov 1899.50 2014.90 1895.00
2085.00
772.729 lakhs
13 Fri Nov 1996.40 2062.10 1965.00
2095.00
991.914 lakhs
06 Fri Nov 2029.15 2027.00 1835.10
2040.00
1717.324 lakhs
30 Fri Oct 2054.50 2101.95 1991.00
2101.95
777.192 lakhs
weekly RELIANCE chart

Weekly forecast of Reliance Industries is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly Price action analysis of Reliance Industries 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.

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
24 Tue Nov 1964.05 2027.00 1835.10
2095.00
3833.925 lakhs
30 Fri Oct 2054.50 2263.80 1991.00
2309.00
2598.304 lakhs
30 Wed Sep 2234.35 2100.00 2044.25
2369.35
3787.692 lakhs
31 Mon Aug 2080.70 2051.30 2000.25
2196.00
3832.651 lakhs
31 Fri Jul 2067.10 1720.00 1708.05
2198.80
6165.469 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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: 2046.1
  • Downside daily target: 1948.03
  • Downside daily target: 1852.85

Reliance Industries Weekly stock price targets

  • Upside weekly target: 2271.23
  • Upside weekly target: 2137.03
  • Upside weekly target: 2034.61
  • Downside weekly target: 1932.13
  • Downside weekly target: 1802.25

Reliance Industries Monthly stock price targets

  • Upside monthly target: 2464.4
  • Upside monthly target: 2254.33
  • Upside monthly target: 2139.3
  • Upside monthly target: 2029.53
  • Downside monthly target: 1932.31
  • Downside monthly target: 1769.63
  • Downside monthly target: 1650.7
  • Downside monthly target: 1521.85
  • Downside monthly target: 1428.7
  • Downside monthly target: 1255.6
  • Downside monthly target: 1058.51
  • Downside monthly target: 748.03

Reliance Industries (RELIANCE) indicators technical analysis

Price action analysis of Reliance Industries (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.

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

MACD generated a SELL signal for Reliance Industries 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 Industries 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 Industries in short term but BUY signal is weak.

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 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 1969.72 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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