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RELIANCE Share Price Discussion

Reliance Industries Ltd.
Sector: Petroleum
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RELIANCE - 311615
💠💠Reliance Industries Ltd chairman Mukesh Ambani’s audacious plan to home-deliver movies on the day of their release could transform movie-watching and reshape India’s ₹10,000 crore multiplex industry, provided Jio manages to deftly navigate a landscape of producers, exhibitors and top actors, key stakeholders in the entertainment industry.
Shares of multiplex operators plunged on Tuesday, a day after Ambani said premium users of JioFiber, a feature-rich wired broadband service, will get to watch the latest movies on the first day itself. On the BSE, shares of PVR Ltd and Inox Leisure Ltd, India’s largest and second-largest multiplex operators with 800 and 600 screens, respectively, fell more than 4% each. JioFiber will start offering the First Day First Show service from mid-2020.
Regards,
AMIT KONAR
Proprietor
KONAR TRADE TALK ™
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Recent posts in RELIANCE

FOR DAILY UPDATE ABOUT MARKET JOIN US IN TELEGRAM-@tipsskunal
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Weekly stock analysis
Buy reliance industry
Above 1581
Sl 1556
Tgt 1611/1641++
Sell reliance industry
1555-74
Sl 1584
Tgt 1525/1500/1475
All levels are cash spot based on closing basis
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RELIANCE INDUSTRIES (RIL): Leading global financial brokerage firm - CLSA Asia-Pacific Markets, while maintaining it’s ‘BUY’ rating on the Mukesh Ambani-owned petrochemicals-led country’s biggest diversified business conglomerate giant’s stock, has raised it’s target-price (TP) t...
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RIL likely to touch 1520 levels and bounce to 1750 from there.
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RELIANCE - chart - 471303
# RELIANCE OVERVIEW
Reliance target 1600 and find support at 1553
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Reliance BTST Cmp 1556 Sl 1538
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