Moreover with the news of price hike in Jio along with Vodafone and Airtel is also going to add to its kitty as internet habit is such a thing that once addicted it is very difficult to get over it. We are able to see even rickshaw pullers and thelawalas listening to youtube videos related to all and sundry topics. Moreover, WhatsApp has become a necessary evil. We knew the impact of Jio on its revenues and had in recent past recommended to buy Reliance in Nov 2018 and add Reliance buy online in Jan 2019. The links can be read to understand how a good stock gives indicators before finally, it starts making a big move.
Since Feb 2017, the stock has started revving up for a big move and now it has caught the steam and all those who just want to buy and hold then this is the stock which can give more than 100% returns in just a matter of 2-3 years. Please note that you have not missed the bus as big move is yet to come.
Reliance stock breaking past 1400 level is a big trigger and all those with a long term perspective can buy this stock with a stop loss of 1100 and once it gathers further steam, the stop loss can be shifted to 1472 to protect your profit.
As a final verdict Reliance is showing a strong development within a rising trend channel in the medium to long term. This signals increasing optimism among investors and indicates continued rise. We feel proud to share that our short term traders are raking moolah courtesy the short term tips and our day traders are benfitting with daily stock tips and they are able to get profit generally before 11 Am every day. Check it out if you wanna be a part of the winning traders.