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Reliance Com. share went as low as 10 Rs and then bounced back to 36 Rs within a week.

Discussion in 'Technical Analysis' started by jiju6justus, Dec 31, 2017.

  1. jiju6justus

    jiju6justus Member

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    Is it worth trading in it ????. Also, an all time high buy of 4 billion shares. Does it indicate something ?.
     
    jiju6justus, Dec 31, 2017
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  2. abhijitupsc

    abhijitupsc Contributor

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    Can be "pump and dump " strategy.. We don't know..
    After all, why to take riskiest bet when we have other stocks?
    And as Shabbir says, Wait for the turnaround to happen and then invest..

    Sent from my Redmi Note 4 using DIY Technical Analysis mobile app
     
    abhijitupsc, Dec 31, 2017
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  3. jiju6justus

    jiju6justus Member

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    Thankz for your opinion buddy. Just observed a huge buy.... Lets see what happens..
     
    jiju6justus, Dec 31, 2017
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  4. chaitanya_mella

    chaitanya_mella Contributor

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    It's mostly noise. Even if they manage to get their debt to 6000 crores, their is no clear picture on how they are going to service this much debt. After the sale of the most precious assets all Rcom is going to have is an empty shell.
     
    chaitanya_mella, Dec 31, 2017
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  5. shabbir

    shabbir Administrator Staff Member

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    Consider the risk and then decide. Most often it will be a negative answer.
     
    shabbir, Dec 31, 2017
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