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Chinmayonniftyy
Jun 24, 2021 8:32 AM

RELIANCE: LOOKING POSITIVE AHEAD OF AGM 2021 Long

RELIANCE INDSNSE

Description

All eyes are on Reliance's second virtual AGM that comes in the backdrop of world's worst coronavirus outbreak. India’s most valuable company is expected to give a glimpse of its 5G rollout plan, possible listing of its digital unit and a cheaper smartphone being developed with Google and many more.

Technical view: Bullish Flag Pattern, Trading above all SMAs RSI, ADX, MACD are Positive, Valuation is cheap as Stock price < 2/3 Tangible book value per share.

Disclaimer: I am one of those stock enthusiast who loves to trade, i am not an expert, the charts i post here are my records and practice. I reserve the right to be wrong.

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