By Admin 
The shares of Anil Ambani Group have surprised investors several times since 2019. Their trick has been different from the trend of the market, sometimes a sudden sharp decline and sometimes without any reason. Famous shares like Reliance Infrastructure and Reliance Power made a big dent in the capital of investors. But now the situation seems to be changing. Since 2023, both shares are getting a gradual return, which is a positive sign.
From the ground back to the sky
The price of the Reliance Infra share fell to about 8 rupees during Kovid. But now there is a new wave of shopping in it. Talking about the technical chart, a big resistance breakout is being seen in this stock. Prior to 2019, the level which was ‘support’, now the price is standing on it. In addition, after May 2025, the stock has again gone over 200DMA, which is a sign of trend reversal. At the same time, the growing volume shows that now buyers are joining again. The three time frames are above the RSI 60, that is, now the stock has strength.
According to the report of Financial Express, Reliance Infra has created bullish patterns in all three timeframes, Daily, Weekly and Monthly. It also shows Ascending Triangle Pattern, which indicates further speed. This means that this stock can go up in the coming time.
Powerful move is now visible like the name
Talking about Reliance Power, in 2020, its price had also made a panic bottom. But since April 2023, this stock has gone up to 6 times. Talking about the technical chart, it is getting to see the rectangle pattern breakout, it shows the breakout on the weekly chart that the price can go up further. In addition, the share price is fixed above its 200-day SMA, which confirms the positive trend. At the same time, the speed that came with the earlier volume has now turned into a low volume during a slight decline, that is, profit booking is limited. Whereas going above the RSI 60 means that it still has more boom.
Keep an eye on these shares
After 2023, these two major stocks of Anil Ambani Group are looking positive in the chart pattern, RSI, Volume and 200DMA. Also, sectoral recovery and broader market support are also in their favor. Therefore, keeping Reliance Infra and Reliance Power in your walkist can be a sensible step, especially for investors who follow technical signals.
Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.
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