Reliance Indusrties
Reliance Industries, second largest company by market value (approx 2,87,728cr market cap) has recently announced its road map of Telecom business avenue called "Jio" in its 41st annual AGM. The announcement could be the game changer for the company but the execution which is what to be . Now lets have a look at the chart of the stock price.
Daily price chart is trading near the resistance of falling trendline at Rs.915. The rising channel is visible have resistance at Rs.945 along with the resistance of broadening triangle (marked yellow). Though post positive announcement in recent AGM, the stock price can only gain momentum above the Rs.960 levels.
Let throw some lights on the past performance of the stock price. The stock has been under performing since 2008 whereas it is just positive in 2015 by 0.02% YTD. The returns on monthly and yearly basis are mentioned below for your reference.
Daily price chart is trading near the resistance of falling trendline at Rs.915. The rising channel is visible have resistance at Rs.945 along with the resistance of broadening triangle (marked yellow). Though post positive announcement in recent AGM, the stock price can only gain momentum above the Rs.960 levels.
Let throw some lights on the past performance of the stock price. The stock has been under performing since 2008 whereas it is just positive in 2015 by 0.02% YTD. The returns on monthly and yearly basis are mentioned below for your reference.
Comments
Post a Comment