techtrail

Reliance Industries: Relative Outperformer !!

Long
After years of under performance upto 2015, Reliance Industries has been going through phases of out and under performance wrt Nifty in the last couple of years. Since late-February, there has been a sharp outperformance and the ratio line has crossed its 200-DMA , which is a positive sign.

Logic dictates that it is the right time to focus on Reliance, as long as the ratio line holds above the 200-DMA .