RELIANCE INDUSTRIES LTDืืื ื
Reliance ready for the uptrend!๐คฉ๐ธ๐ฅ
Buy Reliance for Positional Trading as well as Investment.๐ธ๐ฅ๐ธ
Comment your viewsโผ๏ธ๐
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๐กAbout Company:
Reliance Industries is one of Indiaโs biggest conglomerates with a presence in oil refining & marketing and petrochemicals, oil & gas exploration, retail, digital services and media, etc making it a well-diversified business entity.
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๐กFuture View:
Reliance Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
RILโs consumer business will be the growth driver, going ahead.
The company has a strong balance sheet post fundraising while its traditional business will continue to generate steady cash flows.
Increment value will be unlocked from the โdigital ecosystemโ that will be captured at the Jio Platforms (JPL) level.
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โ Both Technically and Fundamentally strong stock.๐ช๐ช
The company recently posted the best Q3 Result.
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โ๏ธThe stock had given a breakout of the 1-year long resistance in Sept 2021 post that it is in retracement phase from mid-Oct 2021. Heavy demand near major support indicates that we can expect a strong uptrend from here.
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๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐
Comment your viewsโผ๏ธ๐
.
๐กAbout Company:
Reliance Industries is one of Indiaโs biggest conglomerates with a presence in oil refining & marketing and petrochemicals, oil & gas exploration, retail, digital services and media, etc making it a well-diversified business entity.
.
๐กFuture View:
Reliance Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
RILโs consumer business will be the growth driver, going ahead.
The company has a strong balance sheet post fundraising while its traditional business will continue to generate steady cash flows.
Increment value will be unlocked from the โdigital ecosystemโ that will be captured at the Jio Platforms (JPL) level.
.
โ Both Technically and Fundamentally strong stock.๐ช๐ช
The company recently posted the best Q3 Result.
.
โ๏ธThe stock had given a breakout of the 1-year long resistance in Sept 2021 post that it is in retracement phase from mid-Oct 2021. Heavy demand near major support indicates that we can expect a strong uptrend from here.
.
๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐
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