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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
18 Fri Sep 2305.70 2314.25 2319.45 2276.55 152.64 lakhs
17 Thu Sep 2298.75 2320.00 2333.70 2291.85 119.2 lakhs
16 Wed Sep 2324.55 2320.00 2369.35 2310.55 156.69 lakhs
15 Tue Sep 2318.85 2311.95 2325.75 2288.15 125.43 lakhs
14 Mon Sep 2302.55 2325.00 2360.00 2282.00 203.35 lakhs
RELIANCE chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2278.5, but if it comes below 2278.5, then a intra day sell could be more profitable.
If you take a sell trade below 2278.5, then use 2278.5 as stoploss and 2178.13 as target. However if you take a buy trade in stock , then use 2278.5 as stoploss and 2398.9 as target.

  • Daily Price action analysis of RELIANCE 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of RELIANCE based on a 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.

Intraday technical analysis of Reliance Industries

Stock is trading at 2305.70 as on 18 Fri Sep 15:33

Day open is at 2314.25, day high is at 2319.45, day low is at 2276.55, and day volume is at 3724.93 lakhs so far.

First 15 minute high low range is 2305.00 - 2319.45

First hour high low range is 2301.75 - 2319.45

Date Intraday Price Open High Low Volume
18 Fri Sep 15:33 2305.70 2314.25 2319.45 2276.55 15261629
18 Fri Sep 15:30 2303.60 2314.25 2319.45 2276.55 15261629
18 Fri Sep 15:25 2305.25 2314.25 2319.45 2276.55 14459886
18 Fri Sep 15:20 2308.00 2314.25 2319.45 2276.55 13282803
18 Fri Sep 15:15 2306.40 2314.25 2319.45 2276.55 12057154
Intraday RELIANCE chart

Trend of Reliance Industries is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Reliance Industries (RELIANCE) intraday stock price targets

  • EntEntry: 2312.23 or 2294.5625
  • Upside target: 2319.45
  • Downside target : 2290.55
  • Second Upside target: 2312.58
  • Second Downside target : 2269.68

Reliance Industries (RELIANCE) weekly technical analysis

Date Weekly Close Open Range Volume
18 Fri Sep 2305.70 2325.00 2276.55
2369.35
757.319 lakhs
11 Fri Sep 2319.75 2084.00 2044.25
2344.95
1404.866 lakhs
04 Fri Sep 2077.25 2174.00 2060.35
2174.00
806.273 lakhs
28 Fri Aug 2116.15 2091.40 2047.00
2150.00
771.776 lakhs
21 Fri Aug 2081.85 2105.00 2070.10
2154.00
661.961 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Weekly 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 (RELIANCE) Monthly technical analysis

Date Monthly Close Open Range Volume
18 Fri Sep 2305.70 2100.00 2044.25
2369.35
2681.966 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
30 Tue Jun 1704.10 1480.00 1475.95
1804.20
3976.869 lakhs
29 Fri May 1464.40 1440.00 1393.00
1615.00
4620.097 lakhs
monthly RELIANCE chart

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

Monthly Price action analysis of Reliance Industries based on a short 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.

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: 2414.28
  • Downside daily target: 2294.81
  • Downside daily target: 2144.6
  • Downside daily target: 2032.7

Reliance Industries Weekly stock price targets

  • Upside weekly target: 2482.7
  • Upside weekly target: 2337.53
  • Downside weekly target: 2184.58
  • Downside weekly target: 2073.35
  • Downside weekly target: 1916.83

Reliance Industries Monthly stock price targets

  • Upside monthly target: 2500.08
  • Upside monthly target: 2378.33
  • Downside monthly target: 2236.23
  • Downside monthly target: 2118.24
  • Downside monthly target: 1918.28
  • Downside monthly target: 1705.35
  • Downside monthly target: 1590.03
  • Downside monthly target: 1510.33
  • Downside monthly target: 1428.7
  • Downside monthly target: 1308.53
  • Downside monthly target: 1241.38
  • 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 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 Industries stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Reliance Industries 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 Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 SELL signal for Reliance Industries in short term but SELL signal is weak.

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 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 2272.32 and Reliance Industries 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 Industries RELIANCE stock. Volume based technical analysis of Reliance Industries RELIANCE stock is negative.

Reliance Industries 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.

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chart RELIANCE