Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. Reliance’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. The company is now focussed on building platforms that will herald the Fourth Industrial Revolution and will create opportunities and avenues for India and all its citizens to realise their true potential.
Previous Close
2577.4
TTM EPS
98.59
52 Week High
2817.4
TTM PE
26.14
52 Week Low
2180.0
P/B
2.05
Sector PE
31.24
Mkt Cap (Rs. Cr.)
1743831
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
Reliance on the daily chart has witnessed a breakout of a horizontal trend line which was placed at 2550 levels.
Prices are trading above their 9, 21 & 50 – day exponential moving average and consistently trading in a higher low formation. RSI (14) reading above 60 levels indicates stronger momentum ahead.
In the short term, investors can consider buying the stock at the current market price or during price declines toward the 2560 level. It is recommended to set a stop-loss below 2500 on a daily closing basis to protect against potential losses while aiming for the mentioned higher price targets.
BPCL, a Maharatna PSU, aims to efficiently meet the energy needs of our nation with a combined refining capacity of over 40 MMT through refineries in Mumbai, Kochi, Numaligarh and Bina, which are strategically located. One of the best in class & digitally enabled refineries with state-of-the-art technology, efficient operations and high standards of quality, safety, occupational health, environment protection and security.
Previous Close
376.80
TTM EPS
9.82
52 Week High
380.45
TTM PE
38.37
52 Week Low
288.05
P/B
1.57
Sector PE
31.24
Mkt Cap (Rs. Cr.)
81,737
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
BPCL on the weekly chart has witnessed a bullish inverted head & shoulder pattern and prices are trading above the neckline of the pattern.
Recently we have observed a bullish golden cross where 21- the week exponential moving average has crossed above 50 on weekly time frame. The RSI (14) is reading in a higher low formation indicates stronger momentum ahead
In the short term, the technical outlook in “Buy-on-dip” towards 370 and 365 levels, with a stop-loss below 350 on a weekly closing basis. The interim target on the higher end is around 410 levels.
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