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Price and trend forecast of RELINFRA for Tomorrow, Weekly, Monthly

Reliance Infrastructure Limited

Symbol: NSE:RELINFRA

ISIN: INE036A01016

284.65

As on 2024-10-11

144.45 (52W Low) 351.00 (52W High)

RELINFRA's Today's Performance

Reliance Infrastructure Limited started the day by opening at 293.00 today 2024-10-11. Its shares reached a high of 296.40 and dipped to a low of 279.35 in intraday. When the markets closed, RELINFRA’s stock price settled at ₹284.65 per share. Also check out its key support and resistance levels.

RELINFRA Buy/Sell Targets

Tomorrow, sell RELINFRA when its price reaches ₹ 284.65 with a stop-loss order at ₹ 292.25. You can set the target price as ₹ 277.05 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of RELINFRA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for RELINFRA

Downside Targets Value in ₹
Tomorrow Down Target 1 294
Tomorrow Down Target 2 304
Tomorrow Down Target 3 311

Important Levels for RELINFRA

Holding Levels Value in ₹
Tomorrow Up Target 1 277
Tomorrow Up Target 2 270
Tomorrow Up Target 3 260
Based on where the stock opens tomorrow, if RELINFRA opens on a positive note, our first target will be ₹294. If Target 1 is achieved, we will aim for Target 2 which is ₹304.

But if RELINFRA falls below the average value of ₹286.80, you can enter a sell side position with target number 1 - ₹277 and second target - ₹270 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of RELINFRA

Looking at RELINFRA, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, RELINFRA has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for RELINFRA is moderate bearish.

Tomorrow's Volume based share price Forecast for RELINFRA

RELINFRA's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -14%.

Reversal detection for RELINFRA

Predicted trend chart of RELINFRA tomorrow for price forecast
RELINFRA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹296 in morning tomorrow
Target 1 tomorrow293
Target 2 tomorrow297
Target 3 tomorrow304
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with RELINFRA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if RELINFRA opens on a positive note, our first target will be ₹294.25. If Target 1 is achieved, we will aim for Target 2 which is ₹303.85.

But if RELINFRA falls below the average value of ₹286.80, you can enter a sell side position with target number 1 - ₹277.20 and second target - ₹269.75

RELINFRA's Weekly Targets
1st Up Target 304.65
2nd Up Target 324.65
1st Down Target 272.00
2nd Down Target 259.35

As the week for RELINFRA ended on bearish sentiments, we can expect further continuation of this sentiment. RELINFRA's initial target will be 304.65 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 272.00 in the upcoming week.

Weekly OHLC Values
Open 305.95
High 312.00
Low 279.35
Close 284.65

Week for RELINFRA started with an open price of 305.95, and the close was at 284.65. RELINFRA reached the highest of 312.00 and dipped lowest up to 279.35 last week. This indicates a bearish sentiment for the week.

RELINFRA full month swing targets
Monthly Up Target 1 337.30
Monthly Up Target 2 357.30
Monthly Down Target 1 239.35
Monthly Down Target 2 194.05

Targets of ₹337.30 can be expected to be reached in the coming month. Once RELINFRA achieved this target, we can aim for the next upside target of ₹357.30.

RELINFRA if fails to hold upside, down targets of ₹239.35 and ₹194.05 can be achieved by end of this month.

For complete three weeks if RELINFRA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as RELINFRA

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

RELINFRA is expected to reach the target of 294.25 in tomorrow's trading session.

After achieving the initial target in RELINFRA, we will aim for higher targets of 303.85 tomorrow.

However, if RELINFRA starts to trade below ₹286.80, then we will shift our focus to the sell side and aim for down targets of 277.20 and 269.75.