Reliance Infra buy recommendation for 13 April 2015

     
EOD Performance Sheet

Analysis of  RELINFRA 

   RELINFRA closed up  18.550 at 474.150.  Volume was 53% above average (neutral) and Bollinger Bands were 25% narrower than normal. 

• Open        High          Low      Close       Volume___
• 455.000  482.950  451.100  474.150   3,293,585

• Technical Outlook 
• Short Term:                Neutral
• Intermediate Term:     Bullish
• Long Term:                Bearish

• Moving Averages: 10-period     50-period     200-period
• Close:                   441.41         458.39         595.55
• Volatility:                  37               54               49
• Volume:                1,938,153      2,242,288      2,162,610

   RELINFRA is currently 20.4% below its 200-period moving average and is in an upward trend.  Volatility is relatively normal as compared to the average volatility over the last 10 periods.  Our volume indicators reflect volume flowing into and out of RELINFRA at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on RELINFRA and have had this outlook for the last 0 periods.  

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