Buy Reliance for Positional Trading as well as Investment.ðļðĨðļ
What's your view ???ð§ðĪð§
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ðĄFuture View:
Reliance Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
RILâs 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 âdigital ecosystemâ that will be captured at the Jio Platforms (JPL) level.
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â Both Technically and Fundamentally strong stock.ðŠðŠ
The company recently posted the best Q3 Result.
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âïļThe stock had given a breakout of the 1-year long resistance in Sept 2021 post that it was in retracement phase from mid-Oct 2021 till now. Now coming in Daily uptrend too, we can expect a strong uptrend from here.
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ð@technofunda_traderâ
Few Important rules from my Trading Philosophy:â
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.
â 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ððð
What's your view ???ð§ðĪð§
.
ðĄFuture View:
Reliance Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
RILâs 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 âdigital ecosystemâ that will be captured at the Jio Platforms (JPL) level.
.
â Both Technically and Fundamentally strong stock.ðŠðŠ
The company recently posted the best Q3 Result.
.
âïļThe stock had given a breakout of the 1-year long resistance in Sept 2021 post that it was in retracement phase from mid-Oct 2021 till now. Now coming in Daily uptrend too, we can expect a strong uptrend from here.
.
ð@technofunda_traderâ
Few Important rules from my Trading Philosophy:â
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.
â 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ððð