Reliance Industries

تم تحديثه
Currently trading at 13% discount from all time high levels.

Reliance (TF=W):
1. Stock has always respected 50 Weekly Exponential Moving Average
2. Constantly making the structure of HH and HL. Currently made Equal Low.
3. Negative Crossover of 5 and 13 Weekly Exponential Moving Average

Reliance (TF=D):
1. It has made very strong bullish candles on Support with very good volumes
2. Negative Crossover of 5, 13 Days Exponential Moving Average
3. Currently at good levels for Long term investment. For positional trade, need to wait for some retracement to enter.

Additional Points:
1. Mutual Funds have increased holdings from 4.60% to 4.82% in Dec 2021 qtr.
ملاحظة
An update on this:
Stock has given 10.5% return since last update. Hope the analysis was helpful.

Thank you!
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