RIL shares descend 7% in a month. What’s ahead for India’s largest co by market cap?
- Posted on November 11, 2024
- By Business News Today
- 2 Views
RIL shares descend 7% in a month. What’s ahead for India’s largest co by market cap?
On the charts, the stock has been in a downtrend since peaking around the Rs 1,610 level and is currently positioned below its 200-day exponential moving average (DEMA). In September, the price entered a consolidation phase, followed by a death crossover on October 1, when the 10 DEMA crossed below the 20 DEMA.
