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Stock analysis Reliance Chemotex Ind Ltd RELCHEMQ

More indepth analysis on MunafaSutra.com

Moving Averages for Reliance Chemotex Ind Ltd

  • 5Day Average: 226.98
  • 12Day Average: 222.04
  • 20Day Average: 225.87
  • 50Day Average: 255.68
  • 100Day Average: 237.51
  • 150Day Average: 218.69
  • 200Day Average: 208.29

RELCHEMQ Indicators & signals

Indicator MACD (12,26,9)

226.41, 233.91, -9.56
Indicator MACD is in negative zone

Indicator ADX (14)

18.85, 17.99, 26.35
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RELCHEMQ Reliance Chemotex Ind Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 224.10 221.10 to 231.90 -1.23% 0.42 times
30 Tue Apr 2024 226.90 226.00 to 232.85 -0.48% 0.21 times
29 Mon Apr 2024 228.00 226.90 to 233.45 0.48% 0.42 times
26 Fri Apr 2024 226.90 225.05 to 235.15 -0.92% 1.06 times
25 Thu Apr 2024 229.00 220.10 to 230.55 1.57% 0.79 times
24 Wed Apr 2024 225.45 224.10 to 229.40 -0.07% 0.51 times
23 Tue Apr 2024 225.60 222.05 to 231.70 1.37% 1.24 times
22 Mon Apr 2024 222.55 218.85 to 225.25 1.69% 0.61 times
19 Fri Apr 2024 218.85 211.20 to 224.00 1.48% 1.09 times
18 Thu Apr 2024 215.65 211.85 to 224.95 3.06% 2.13 times
16 Tue Apr 2024 209.25 207.00 to 222.45 -1.41% 1.95 times
15 Mon Apr 2024 212.25 207.55 to 232.85 -10.76% 2.68 times

Technical analysis forecast for Reliance Chemotex Ind Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Reliance Chemotex Ind Ltd RELCHEMQ at this time. Stock is falling and might fall more.

It appears as if Reliance Chemotex Ind Ltd RELCHEMQ gave a large move recently.

Stock of Reliance Chemotex Ind Ltd (RELCHEMQ) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Reliance Chemotex Ind Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 220.3 as stoploss in an intra day buy trade for a target of 230.52. However, stock will show a bearish move below 220.3.

More indepth analysis on MunafaSutra.com