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RELIANCE INSURANCE
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FUNDAMENTAL DATA:
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CATEGORY:     DA       
FV:     100.00       
ML:     50       
NAV:     313.10       
EPS:     50.87       
EPS(2009):     39.37       
EPS GROWTH:     29.21       
NPAT:     154.74       
NPAT(2009):     119.75       
NPAT GROWTH:     29.22       
LAST TRADE PRICE(10-02-2011):     1208.25       
P/E:     23.75       
PRICE/NAV:     3.86       
ROE:     16.25       
AUTHORISED CAPITAL:     500.00       
PAID UP CAPITAL:     303.20       
PUBLIC CAPITAL:     135.79       
LDIV:YEND:     30%B : 1209       
RTAG:     Q3     


Comment:
Fundamental Strength:MEDIUM



TECHNICAL ANALYSIS:
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Price and moving averages:
RELIANCINS has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and neutral in mid-long term.

Bollinger Bands:
RELIANCINS has closed above bottom band by 19.6%.
Bollinger Bands are 38.7% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices

RSI
The current value for the RSI15 is   40.627
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.
Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.
Divergence:
The RSI and price are not diverging.

MACD
MACD Value:  -85.632, Signal Line:  -65.962
Crossovers:
Currently the MACD is bearish since it is trading below its signal line.
The MACD crossed below its signal line 4 period(s) ago.
Overbought/Oversold:
The MACD is in an oversold range. Prices may continue to move lower for some time.  Wait for prices to move higher before considering any long positions.
Divergence:
There have been no divergence signals within the last 5 periods.

CAUTION: This commentary is not a recommendation to buy or sell. Use at your own risk.