Long Term Portfolio Stock with potential for value unlocking.
Reliance CMP 2477 has give an above Par to Good result. So many Acquisitions and right moves by the management. Plus as said earlier the value unlocking potential is huge considering IPO of JIO and other business segregations that may happen. For Long Term SIP buying is suggested to 3 to 5% of your Portfolio Value.
For Short term it is trapped in the squeezing triangle. Next week it has potential to take the market up with it or down with it.
If it goes down accumulate on dips. If it starts moving up buy at CMP. Medium term target 2700+. Long term target 3000+. Portfolio Stock. Long term Investment. I would not hesitate on buying at CMP and add more if price dips by chance.
For Short term it is trapped in the squeezing triangle. Next week it has potential to take the market up with it or down with it.
If it goes down accumulate on dips. If it starts moving up buy at CMP. Medium term target 2700+. Long term target 3000+. Portfolio Stock. Long term Investment. I would not hesitate on buying at CMP and add more if price dips by chance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.