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