|101862 -- India Fund|| |
INR 251.12 2.56 1.03%
The fund holds Beta of -0.7004 which implies as returns on market increase, returns on owning Reliance Banking are expected to decrease at a much smaller rate. During bear market, Reliance Banking is likely to outperform the market.. Although it is essential to pay attention to Reliance Banking
current trending patterns, it is also good to be reasonable about what you can actually do with equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any fund is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if Reliance Banking expected return of 1.6706 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable.