Today's Opening - 990
Today's High - 1011
Today's Low - 986
Today's Closing - 996
Another stock on which I am posting for the first time ever. Please note that I only analyze the stocks basis the technical indicators and it's in no way to be construed as a comment on the company's financial performance.
Today's High - 1011
Today's Low - 986
Today's Closing - 996
Another stock on which I am posting for the first time ever. Please note that I only analyze the stocks basis the technical indicators and it's in no way to be construed as a comment on the company's financial performance.
Positive closing over the past five sessions, with higher volumes over the last two days. The 2-day Relative Strength Index has crossed 70% today after more than three months.
For the past three weeks, the 20-day Commodity Channel Index has remained positive. For more than three weeks now, the Positive Directional Index has been stronger than the Negative Directional Index.
The 12, 26-day Moving Average Convergence Divergence has been positive for more than two weeks now. During this entire week, the stock has closed higher than the 5-day Exponential Moving Average.
For the past three weeks, the 20-day Commodity Channel Index has remained positive. For more than three weeks now, the Positive Directional Index has been stronger than the Negative Directional Index.
The 12, 26-day Moving Average Convergence Divergence has been positive for more than two weeks now. During this entire week, the stock has closed higher than the 5-day Exponential Moving Average.
Reliance Industries has built a strong support at 921. The stock has hit a lifetime high of 1011 today before closing at 996. The next one or two trading sessions should define the way forward for this stock.
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