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(RELCHEMQ) Reliance Chemotex complete technical analysis [charts+indicators] | Buy/Sell Reliance Chemotex | (RELCHEMQ) share price targets

Complete technical analysis of Reliance Chemotex (RELCHEMQ) by charts plus indicators, forecast predictions and share price targets for Reliance Chemotex (RELCHEMQ)

10 day averaged volume of Reliance Chemotex is 16295

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 201.05 204.85 204.85 198.00 0.502 times
16 Thu May 2024 200.90 201.10 206.90 199.80 0.611 times
15 Wed May 2024 202.65 208.00 210.00 200.00 1.278 times
14 Tue May 2024 201.10 199.15 201.30 198.10 0.892 times
13 Mon May 2024 199.15 213.00 214.85 197.00 2.071 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 206.4, but if it comes above 206.4, then a intra day buy could be more profitable.
If you take a sell trade below 206.4, then use 206.4 as stoploss and 193.8 as target. However if you take a buy trade in stock , then use 206.4 as stoploss and 216.88 as target.

Share price targets for Reliance Chemotex (RELCHEMQ)

Target Type Value
Downside Target 182.00
Downside Target 197.00
Upside Target 206.00
Upside Target 214.85
Upside Target 228.45
Upside Target 233.45
Upside Target 235.15
Upside Target 239.00
Upside Target 252.00
Upside Target 276.50
Upside Target 295.35
Upside Target 349.00

Intraday share price targets for Reliance Chemotex (RELCHEMQ)

Target Type Value
Downside Intraday Target 193.75
Downside Intraday Target 186.45
Upside Intraday Target 211.6
Upside Intraday Target 222.15
Upside Intraday Target 204.3

Weekly technical analysis of Reliance Chemotex (RELCHEMQ)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 201.05 213.00 214.85 197.00 1.152 times
10 Fri May 2024 212.85 221.05 228.45 206.00 2.061 times
03 Fri May 2024 226.90 233.45 233.45 220.75 0.342 times
26 Fri Apr 2024 226.90 223.55 235.15 218.85 0.535 times
19 Fri Apr 2024 218.85 213.00 232.85 207.00 1.331 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Reliance Chemotex (RELCHEMQ)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 201.05 226.90 231.90 197.00 0.157 times
30 Tue Apr 2024 226.90 201.00 252.00 185.35 5.525 times
28 Thu Mar 2024 194.05 195.25 215.95 182.00 0.205 times
18 Mon Dec 2023 312.70 283.80 349.00 276.50 0.488 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Reliance Chemotex (RELCHEMQ)

Indicator Name Indicator Value Indicator Signal
ADX 14, 20, 18 Sell
MACD -18, -17Sell
Stochastics 14Sell
CCI -77Sell
RSI 33Sell
OBV 96503Sell
VWAP 208Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) 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.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) 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.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) 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.

Price action analysis of Reliance Chemotex ( (RELCHEMQ) ) based on a mid to longer 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 Chemotex stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Reliance Chemotex in short term and the sell signal is strong.

Reliance Chemotex 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 SELL signal for Reliance Chemotex in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Reliance Chemotex is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 207.63 and Reliance Chemotex (RELCHEMQ) 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 Chemotex (RELCHEMQ) stock. Volume based technical analysis of Reliance Chemotex (RELCHEMQ) stock is negative.

Reliance Chemotex Stock has given negative 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.

Click here for Reliance Chemotex charts

Click here for further forecast and predictions for tomorrow

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