Reliance Industries Ltd., founded in 1973, is a Large Cap company (with a market capitalization of Rs 1,717,446.09 Crore) in the Diversified sector.

Reliance Industries Ltd.'s key products/revenue segments include Petrochemicals, Income From Financial Services, Oil & Gas, Other Services, and Income From Retailing.

Fundamental factors:
-> Reliance recently announced its results, with revenue from operations totalling
Rs 2.11 lakh crore, up 36% from the previous year.
-> The company's net profit increased by 22.4 % to Rs 16,203 crore.
-> Reliance's traditional cash cow (oil and petrochemicals) shines, with 9.8 %
EBITDA margins.
-> High crude oil prices will result in higher GRM (gross refining margin), which will
increase the company's profitability.
-> It is on an acquisition binge, with plans to invest $6.5 billion in the consumer
goods sector. It intends to establish a portfolio of 50 to 60 grocery, household,
and personal care brands.
-> The company will invest an additional Rs 60,000 crore in the establishment of
New Energy.
-> Jio is aggressively working on the 5G front. It has conducted extensive 5G field
trials in eight states, with peak user throughput exceeding 1.5Gbps in these
trials.

Technical Factors:
-> The stock recently found support at the point of confluence and bounced back
sharply from there.
-> It has tested its multi-time tested demand zone and recovered to close
comfortably above the 200 ema.
-> The price is also showing strength, and the price action indicates a future
uptrend.
-> However, given the market volatility, it is critical that it closes above 2550 on
the 15-minute timeframe before initiating a long.

Hence one can initiate a long positional trade:
Buy: Above 2550 (15 mins closing)
Stop loss: 2500 on a closing basis (30 mins candle)
Target 1: 2615
Target 2: 2670
Target 3: 2750 (Trail your stop loss to buying price)

Follow for more such ideas and investing strategies.

Note: The information given above is only for educational purposes. Please consult
your financial advisor before making any investment decision.

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