Reliance Communications: Can It Reach ₹5.00 If It Stays Above ₹1.00?đĸ About Reliance CommunicationsReliance Communications (RCOM) was once one of India’s leading telecom companies under the leadership of Anil Ambani. It played a major role in expanding telecom services across India during the 2000s. However, due to intense competition, heavy debt, and regulatory challenges, the company faced financial distress and insolvency proceedings.Today, RCOM remains a low-priced stock, often trading around ₹1 levels, attracting speculative interest from traders.đ Topic Analysis
đ Reliance Communications: Can It Reach ₹5.00 If It Stays Above ₹1.00? đĸ About Reliance Communications Reliance Communications (RCOM) was once one of India’s leading telecom companies under the leadership of Anil Ambani. It played a major role in expanding telecom services across India during the 2000s. However, due to intense competition, heavy debt, and regulatory challenges, the company faced financial distress and insolvency proceedings. Today, RCOM remains a low-priced stock, often trading around ₹1 levels, attracting speculative interest from traders. đ Topic Analysis Statement: “Reliance Communications may go to ₹5.00 if it stays above ₹1.00.” This statement reflects a technical and psychological market view. Let us analyze this in detail. đ ENGLISH VERSION 1️⃣ Understanding the ₹1.00 Level – A Psychological Support In stock markets, round numbers often act as psychological levels. ₹1.00 acts as a strong support zone If the stock sustains above ₹1.00, it indicate...