Reliance Infrastructure Limited
Symbol: RELINFRA
Suggestion: Buy, Target Rs. 825; SL Rs. 780
Open 765.00
High 795.00
Low 752.00
Last Price 789.90
Fig. 1: Price movement - Reliance Infrastructure
Figure 1 shows the price movement for Reliance Infrastructure with 3 major SMAs that help in identifying the current trend. The 3 SMAs being 4 (brown), 9 (blue) and 18 (orange) days respectively. The SMA(4) line is well above all other SMAs, and SMA(9) is above the SMA(18) line; this means that the stock is currently in the Bullish phase. The gap between the 3 SMAs is...


