Last close: 2049.60 (-2.4%)
Reliance, India’s largest company by market capitalisation has reported a 40.5% growth in consolidated profit at Rs 14894 crore for the Qtr ended Dec 31, 2020
Consolidated revenue for the quarter increased 6.7% QoQ to Rs 1,23,997 crore
Mukesh Ambani said that Reliance adding more then 50000 employee since March 2020
Reliance Jio: ARPU (Average Revenue Per User) in Q3, 2020 at Rs 151 per subscriber per month against Rs 145 in the previous qtr with net addition at 5.2 million customers during the period. Total customer base stood at 410.8 million as of Dec 2020
Reliance Retail : Retail profit surged 54% sequentially at Rs 3087 crore but revenue from operations declined 9.7% QoQ
However, Reliance was fell 11% from Oct high during the quarter ended Dec 31, 2020 while stock was climbed 12% from quarter low in same period.
Let’s see technical views 
On 22 Jan 2021, Stock was declined 2.4% and settled at 2049.60
Company declared earnings report on post market hours, it will react on Monday opening bell and result was met on street expectations
As per technical, Reliance is facing resistance at 2085 and 2120
Stock if crossover and closes above 2120…….. Further rally will be expected up to 2200 and 2275+
Reliance considering a supports 2035, and 1990. Suppose stock if failed to take support around 1990 then weakness will be expected up to 1900
If there is any declines can buy and hold until 1900 closing basis stop-loss and expecting positional targets 2200+
More update will be sent to my clients only
Updated: 12.50 pm / 23rd Jan 2021
