Watch out for hll, 200+ looks strong in a weak market.
Lately has had -ve beta
Long term investors should seriously consider exposure
13 month ema 186
21 month ema 175.6
these are very very long term chart levels
should lead to 230-250-270 risk maybe 160-156-145 max damage in a bear move.
Reliance could be the stock of the decade.
All depends on how well the retail venture points out.
As for petrochem, that is passe, earnings 77-80-88 in next few years maybe
max you would really want to pay for that?? 1200 rs a share.
Reliance is being priced for something bigger than petrochem now.
Keep this number in the back of your mind
u.s walmart ipo, 1970
The stock is up 17,000 times or so.........
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