Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts
December 1, 2020
November 9, 2020
October 19, 2020
August 17, 2020
August 1, 2020
July 20, 2020
July 15, 2020
July 8, 2020
July 6, 2020
July 5, 2020
July 4, 2020
July 2, 2020
June 24, 2020
AllStarCharts: RELIANCE has 35% more upside
While I am seeing limited upsides in RELIANCE due to a huge expanding triangle, Tom Bruni of AllStarCharts sees another 35% upside.
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Suggesting that Reliance Industries could rise another 35% from current levels may seem like a bold call, especially since it has doubled off the March lows. But when you consider our thesis that Equities are in the midst of a new Bull Market then it makes sense that the largest stock in the market would be leading the charge.
And with relative strength hitting new highs and our risk well-defined on an absolute basis, even if we’re wrong the reward/risk is so skewed in our favor that any losses are small enough relative to the potential reward to warrant putting on the trade.
The bottom line is, if Reliance Industries is above 1,600 we want to be long with a 6-month target up near 2,340.
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Read more at https://allstarcharts.com/reliance-35-percent-upside
June 23, 2020
June 22, 2020
RELIANCE Big Boss
Reliance is a BIG BOSS On Nifty
— Nigel D'Souza (@Nigel__DSouza) June 22, 2020
1)RIL weightage on Nifty
Today at 13.5% vs 5.3% in 2016
2)RIL weight “ALONE” On Nifty🏋️♂️💪
=22 Nifty Cos
=TCS+INFY+ HCLTECH (13%)
=ITC+HUL+BRITANNIA+ ASIANPAINT+NESTLE+TITAN (13.4%)
=TAMO+EICHER+HEROMOTO+BAJAJ+MARUTI (5%)#Nifty #StockMarket
June 20, 2020
RELIANCE charts - a new perspective
The stock has doubled in 3 months... this is rare for an index heavyweight
June 19, 2020
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