Reliance Industries share are up by 0.45%, Nifty up by 0.15%

Reliance Industries Share Price Today on : At 19 Sep 16:00 today, Reliance Industries shares are trading at price ₹2939.35, 0.45% up from the previous closing price. Sensex is trading at ₹83184.8, up by 0.29%. The stock has hit a high of ₹2953 and a low of ₹2911.2 during the day.

On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2957.23, ₹2976.07, & ₹2999.13, whereas it has key support levels at ₹2915.33, ₹2892.27, & ₹2873.43.

Till 4 PM today, the volume traded on NSE & BSE for Reliance Industries was 167.73% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock's continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 9.23% .The current P/E of the stock is at 28.81 .

The MF holding has decreased from 8.47% in march to 8.37% in the june quarter.

The FII holding has decreased from 21.90% in march to 21.59% in the june quarter.

Reliance Industries share price has gained 0.45% today, currently at ₹2939.35, while its peers such as are in the red. Overall, benchmark indices Nifty & Sensex are up 0.15% & 0.29% each respectively.