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Stock analysis Reliance Industries Limited RELIANCE

More indepth analysis on MunafaSutra.com

Moving Averages for Reliance Industries Limited

  • 5Day Average: 1270.07
  • 12Day Average: 1300.28
  • 20Day Average: 1721.69
  • 50Day Average: 2416.56
  • 100Day Average: 2725.77
  • 150Day Average: 2786.03
  • 200Day Average: 2822.62

RELIANCE Indicators & signals

Indicator MACD (12,26,9)

1425.78, 1803.17, -378.95
Indicator MACD is in negative zone

Indicator ADX (14)

89.13, 3.86, 67.15
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 14
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of RELIANCE Reliance Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Thu Nov 2024 1267.60 1251.10 to 1272.60 1.24% 0.95 times
13 Wed Nov 2024 1252.05 1249.50 to 1275.45 -1.74% 1.1 times
12 Tue Nov 2024 1274.25 1267.50 to 1289.30 0.12% 0.8 times
11 Mon Nov 2024 1272.70 1267.00 to 1286.00 -0.86% 0.68 times
08 Fri Nov 2024 1283.75 1275.00 to 1301.65 -1.68% 1.49 times
07 Thu Nov 2024 1305.65 1302.60 to 1324.00 -1.49% 0.72 times
06 Wed Nov 2024 1325.35 1300.20 to 1328.30 1.54% 1.63 times
05 Tue Nov 2024 1305.30 1286.15 to 1309.55 0.24% 1.22 times
04 Mon Nov 2024 1302.15 1285.10 to 1340.00 -2.73% 1.49 times
01 Fri Nov 2024 1338.65 1333.00 to 1341.95 0.5% 0.16 times
31 Thu Oct 2024 1332.05 1326.15 to 1343.00 -0.88% 0.7 times
30 Wed Oct 2024 1343.90 1325.35 to 1350.00 0.29% 0.9 times

Technical analysis forecast for Reliance Industries Limited 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 Industries Limited RELIANCE at this time. Stock is falling and might fall more.

It appears as if Reliance Industries Limited RELIANCE gave a large move recently.

Stock of Reliance Industries Limited (RELIANCE) 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 Industries Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1018.9 as stoploss in an intra day buy trade for a target of 1655.24. However, stock will show a bearish move below 1018.9.

More indepth analysis on MunafaSutra.com