Reliance Industries Ltd: Fundamental analysis (Growth projection and calculating price target)
Many influencing factors can impact the future price movement of Reliance Industries Ltd. Among all influencing factors, I have considered the most important ones on which price movement is highly dependent. Some steps are mentioned below that help predict the future price of any stock.
Step 1: Calculate current rating (based on the current status of those important influencing factors)
Step 2: Project future rating (this is possible if you can actually predict those influencing factors)
Step 3: Forecast price (Impact of the change between current rating and future rating on price is measurable, and with that, you can actually predict future price)
Outcome of the fundamental analysis process that I teach in my course:
Current Rating:
R1=7.08,
R2=4.21,
R3= True
Future Rating (Forecasted Rating):
R1=8.65,
R2=3.72,
R3= True
Forecasted Price (Price projection): Minimum 1695. Maximum 2734.
Generally, with a moderate approach, stocks’ actual future prices stay above the minimum forecasted price. So, very high chance that the price should remain above 1695 by 2028. And the maximum high of the stock till Dec’28 should be 2734.
Based on the WD Gann theory concept, Reliance Industries Ltd’s current active 5th cycle is 2283-2353.
Click the link below to refer to the Gann theory prediction on the same stock:
Reliance Industries Share Price Prediction
