 "Anil Ambani, Anil Ambani")
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.
