Technical Analysis of Indian Equities by Nooresh

Reliance Inds —- Finally getting into Buy Zone.

Reliance Inds

 

Reliance Inds --- Near to 73.6% retracement just like 2008. So expect a bounce back.

 

Have never given a buy call on Reliance Inds since a long time. After LnT this is the next large cap which is under radar on accumulate.

 

Will keep a stoploss of 620-640 for it.

 

Another interesting link on it http://www.firstpost.com/business/with-rs-300-per-share-cash-reliance-falls-below-rs-700-168832.html?utm_source=MC_TOP_WIDGE 

 

Well i dont rely on Reliance cash but its more a technical call.

 

 

TECHNICAL ANALYSIS TRAINING SESSION

 

ONLINE TRAINING PROGRAM --- JANUARY 7-8 th ( At a very attractive price )

 

MUMBAI SESSION ------- JANUARY 14-15

 

Happy Investing

 

Nooresh Merani

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2569 articles.

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