Reliance Industries Limited – too Much Noise after Q1-FY17 Results ….Why ???
Many Analyst I heard are still not bullish on stocks after such Good Result as they say they had Inventory and Crude bounce and bla bla bla….
But too keep such high inventory also takes some acumen and foresight which could earn them GRM of $11.50/barrel where standard singapore GRM is at $5.70/barrel.
I think we should check the chart too.. and as per chart i came to Following analysis …Just my views and I can be wrong too…but as I always say the chart always shows that signs of fundamental thing changing are visible if you can read it.
In my View two things are Changing The Fundamentals of the Company due to JIO and 8 Years Cycle of Correction and Consolidation …..
So wait for the levels to Cross and close for further updates from me.