@InsiderB This chart made me curious too and made me look into RELIANCE as a whole, and what i found was weird (or as expected?)
On Monthly time frame, Most of the reliance companies have same chart, down in the ashes. .- except RELIANCE INDUSTRIES
----------------REL--------------------------
In duration of 8/10 years....
RELINFRA = 2600 down to 300
RPOWER = 300 to 30
RCOM = 850 to 30
RCAPITAL = 3000 to 300
RELIANCE = 100 to 1600 (the only one in green)
------------------------------------------
All of them climb the mountain real fast(with rockets) for about an year, then its a landslide and never recovers.
Then i looked at TATA's
And the scene is completely different.
Exact opposite charts than that of Reliance's. Starts off small and ends up biggg on the top of mountain, one step at a time(no rockets)
-----------------TATA------------------------
in about 8 to 10 years....
TATACOFFEE = 14 upto 170
TATAELXSI = 90 to 2400
TATACHEM = 100 to 650
TATASPONGE = 100 to 1200
TATAMOTORS = 100 to 600
TATACOMM = 400 too 700
TCS = 600 to 2800
sure,TATAs have their share of RED companies too, like...
TATAINVEST = 950 to 200 to 700
TATASTEEL = 500 to 1000 to 200 to 500
TATAPOWER = 50 to 170 to 100
----------------------------------------
May be thats why top dogs like Jhunjhunwala and all, dosent "RELY on RELIANCE "(ironically), but TATAs ,for the long term investments.
May be we shouldnt too :)
I am no expert, just looked into monthly charts today and it gave me a good insight on what was going on.Thought I should share :D
Cheers!
:)
InsiderB
⋅
@Einstein15, Thats fantastic analysis... Personally I favor Tata's always bcos I had a short stint with one of their big league companies. From work culture to company setup, they have an ethics & standards to follow, Personally, Tata group is close to My heart, may be bcos of that short stint :)
AshishChauhan_AlgoTrader
⋅
@Einstein15, Right analysis sir...perfectly analysed...
PR5999
⋅
Basically Reliance Anil Ambani group are just take public hard earn money and didn't do anything to make the company on growth path...They didn't care about shareholders..Even I am not doing any intraday trade in any of Anil Ambanis stock...They are the big blunders...
InsiderB
⋅
Many suffered in Rcom, Your name made Me curious & its just superb :)
@ashishchauhan
@InsiderB This chart made me curious too and made me look into RELIANCE as a whole, and what i found was weird (or as expected?)
On Monthly time frame, Most of the reliance companies have same chart, down in the ashes. .- except RELIANCE INDUSTRIES
----------------REL--------------------------
In duration of 8/10 years....
RELINFRA = 2600 down to 300
RPOWER = 300 to 30
RCOM = 850 to 30
RCAPITAL = 3000 to 300
RELIANCE = 100 to 1600 (the only one in green)
------------------------------------------
All of them climb the mountain real fast(with rockets) for about an year, then its a landslide and never recovers.
Then i looked at TATA's
And the scene is completely different.
Exact opposite charts than that of Reliance's. Starts off small and ends up biggg on the top of mountain, one step at a time(no rockets)
-----------------TATA------------------------
in about 8 to 10 years....
TATACOFFEE = 14 upto 170
TATAELXSI = 90 to 2400
TATACHEM = 100 to 650
TATASPONGE = 100 to 1200
TATAMOTORS = 100 to 600
TATACOMM = 400 too 700
TCS = 600 to 2800
sure,TATAs have their share of RED companies too, like...
TATAINVEST = 950 to 200 to 700
TATASTEEL = 500 to 1000 to 200 to 500
TATAPOWER = 50 to 170 to 100
----------------------------------------
May be thats why top dogs like Jhunjhunwala and all, dosent "RELY on RELIANCE "(ironically), but TATAs ,for the long term investments.
May be we shouldnt too :)
I am no expert, just looked into monthly charts today and it gave me a good insight on what was going on.Thought I should share :D
Cheers!
:)