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Motabhai

RELIANCE - Week next to quarterly resultsPrevious quarterly results was announced on 30-Oct Revenue decrease 23% Profit after tax decrease 6% Stock price falling preceding 2 weeks Strength reducing preceding 2 weeks Stock fell from 2054 to 1880 Current quarterly results announced on 22-Jan Revenue decrease 20% Profit after tax increase 25% Stock price rising preceding 1 week Strength increased preceding 1 weeks Direction indicator value improved for positive move However momentum's trend is not strong Indicative price move for next week seem to have higher probability for Rising Price - continued strength As momentum's trend does not show mass, it may try going back to 2075 after rising to 2100 on Day-1 Aggressive trader : Buy 50% qty at current price, add 50% qty after price rise above 2075. Conservative trader: Buy 25% qty at current price, add 25% qty after price give pull-back at bottom of last candle, add 50% after price move above 1st purchase in trade's direction. EXIT: Day's close below last week's candle close Earning efficiency visible from quarterly results . . . In spite 5-6% revenue reduction in Retail segment, it's EBIDTA increased 50% compared to Sep-2020 Digital services revenue increased 32% compared to Dec-2019, but EBIDTA increased much higher to 48%
NSE:RELIANCELong
by kartikbhai
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