Reliance Monthly Elliot wave Analysis

RELIANCE INDS Weekly Elliot Wave Analysis

Reliance Previous High was @ 1804.20 level

Reliance still seems to be in uptrend direction till 1854.70 to 1989.90 odd levels.

We are still in the 5th Impulse wave in Reliance.

Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

3 deals in 3 weeks: Mukesh Ambani’s plans on track to make Reliance debt-free despite COVID-19 pandemicRELIANCE
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