Reliance journey to all time high?
Bulls will profit if the trend line breaks, so depend on it. Watch for a crucial breakout to place a long swing trade.
Entry into Green energy-
Another round of capex may get restarted as the company enters into the green energy business. While the return on new investments will take time to come, in the medium term it may help the company improve its ESG score, which matters a lot to global fund houses hence to overall valuations. The recent acquisition in the clean energy space indicates that the company may be more aggressive than the street expected.
The company's annual revenue growth of 47.94% outperformed its 3-year CAGR of 7.29%. (Source: Consolidated Financials)
Weekly stochastic crossover appeared on the week ending Feb 17, 2023. An average price gain of 6.86% within 7 weeks of this signal in the last 10 years.
Stock gave a 3-year return of 66.29% as compared to Nifty 100 which gave a return of 46.6%. (as of the last trading session)
Reliance Industries Ltd.'s share price moved up by 0.42% from its previous close of Rs 2,430.05. Reliance Industries Ltd. stock's last traded price is 2,440.20
-------Source link attached
Entry into Green energy-
Another round of capex may get restarted as the company enters into the green energy business. While the return on new investments will take time to come, in the medium term it may help the company improve its ESG score, which matters a lot to global fund houses hence to overall valuations. The recent acquisition in the clean energy space indicates that the company may be more aggressive than the street expected.
The company's annual revenue growth of 47.94% outperformed its 3-year CAGR of 7.29%. (Source: Consolidated Financials)
Weekly stochastic crossover appeared on the week ending Feb 17, 2023. An average price gain of 6.86% within 7 weeks of this signal in the last 10 years.
Stock gave a 3-year return of 66.29% as compared to Nifty 100 which gave a return of 46.6%. (as of the last trading session)
Reliance Industries Ltd.'s share price moved up by 0.42% from its previous close of Rs 2,430.05. Reliance Industries Ltd. stock's last traded price is 2,440.20
-------Source link attached
Nota
Safe entry after triple confirmation. -50 EMA break--done
-Retest at 50 EMA--done
-Trend line breakout--Waiting
Nota
Looking at today's performance on a 15-minute chart.Reliance is trading in a range between 2414 (low) and 2444 (high).
Watch out for the breakout at 2450.
Safe entry-
-Following a retest, safe entry. @2450 or strong candle break-out.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.