General

Is there any future of RCOM?

Is there any future of RCOM?

As on 16th Dec 2021 RCOM Share Price closed @ 3.85 and we RECOMMEND Buy for LONG-TERM with Stoploss of 2.63 & Buy for SHORT-TERM with Stoploss of 3.09 we also expect STOCK to react on Following IMPORTANT LEVELS….RCOM Important Levels Intraday.

RESISTANCE 4.72
RESISTANCE 4.44
RESISTANCE 4.27
RESISTANCE 4.10
SUPPORT 3.60

Is it good to invest in Reliance Communication?

Reliance Communication is shedding weight, resulting in the stock price moving higher. The stock has delivered one of the biggest returns in recent times. The stock has gained almost 200\%, in a matter of only one quarter.

What is the future of RCOM shares by 2021?

What is the future of RCOM (Reliance Communications) shares by 2021? Something 23x bigger than Netflix could be coming. 46-year-old CEO bets $44.2 billion on one stock.

Will the RCOM project survive?

Rcom was a dream project of Dhirubhai Ambani so at any cost Mukesh Ambani will not let the death of his father’s dream (just an assumption) so Rcom may survive. This discussion was held long before Mukesh Ambani paid money to Erricson on behalf of his brother.

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Is RCOM a Dead Company now?

RCom is a dead company now. Remember Kingfisher Airlines. RCom has come in that sort of league. It would continue to accumulate losses and it has not that many asset to monetize. Had the deal with Jio gone through, they would have come out of woods. Now it doesn’t look like there is any realistic plan of revival existing at present.

What is the current level of RCOM in India?

Some information about RCom for better understanding is as follows: It was INR 844 in 2008, it’s at 22 in 2018. Please have a look at the wealth destruction it has caused in 10 years. In recent past it started moving up from 11 in Dec 2017, and in 8 to 10 trading sessions it touched 40.