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RCap, RInfra: What do technical charts indicate for ADAG stocks

Reliance Capital's key level is Rs 115, Reliance Infra seems breaking consolidation and Reliance Communications (RCom) needs a reversal to regain the interest, as per the technical charts.

Anil Ambani, Anil Ambani
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RCom Chairman Anil Ambani

Avdhut Bagkar Mumbai
Shares of Anil Dhirubhai Ambani Group (ADAG) companies  took a beating on Tuesday after two rating agencies CARE and ICRA downgraded Reliance Commercial Finance and Reliance Home Finance last week, citing liquidity concerns. ICRA also downgraded commercial paper issued by Reliance Capital.

Here's how the group's key stocks look on technical charts. 

Reliance Capital Ltd (RELCAPITAL):  The stock is trading below its 200-day moving average (DMA) from last six months. The trend is down, as every rise is witnessing selling pressure. it  has, indeed, made several attempts to reverse, but failed as significant supports did not hold the rising move.

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First Published: Apr 30 2019 | 10:51 AM IST

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