Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Saturday, March 18, 2017

Reliance Communications: The Future Telecom Godzilla
CMP: Rs.38.25
The stock of RCom has been on a steady upmove since the last few days, as Reliance Jio (RJio) is scheduled to start its Paid Service from next month. This has again brought the stocks of Telecom companies into Focus. The scrip of Idea Cellular (Rs.108) has almost doubled from its 52-week low price of Rs.65.80, due to Vodafone news. Following similar positive trails, the share of RCom is also expected to touch Rs.71-72 in the next 6-9 months time. I have ben saying since sometime that it should not go below Rs.30, and till date, this has not been violated (52-week low: Rs.30.60 in the NSE); which somewhat attests to my buy on declines stand.









RCom already has enough of the luctrative 800 MHz spectrum necessary for 4G transmission, and which it shares with RJio. Also, as RJio expands it will benefit RCom, as the former is using latter's network (infrastructure), at a price.

Now if we look at the chart of RCom, we can see the formation of a Dragonfly Doji like pattern on the uptrend (though, not exactly).  

It will pertinent to mention here that Thomas N. Bulkowski in his book, Encyclopedia of Candlestick Charts wrote:

"The dragonfly doji is an interesting name for a candle that is supposed to act as a bullish reversal. It is a reversal candle, but only half the time. Random, in other words. If you see a dragonfly doji in the bush, do not be frightened. The 10-day performance after the breakout ranks it 98th out of 103 candles, where 1 is best. In other words, ignore it. Its bite is usually not fatal. Usually.

The dragonfly doji is an interesting name for a candle that is supposed to act as a bullish reversal. It is a reversal candle, but only half the time. Random, in other words. If you see a dragonfly doji in the bush, do not be frightened. The 10-day performance after the breakout ranks it 98th out of 103 candles, where 1 is best. In other words, ignore it. Its bite is usually not fatal. Usually".

Therefore, I feel the traders should continue to accumulate RCom, for immediate targets of Rs.54 - 55 - 57 - 60, from where it fell -- the good days are to return for the shareholders of RCom.

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