23/9/2016 2.30 pm
Focusing on well discussed stocks and how they have consolidated for a really long time.
Recently every whatsapp group/household even my barber was talking about Reliance Jio.
Lets look at Reliance Inds Chart.
- 1150 a price point of last 6-7 years. Will it be able to cross this in the next 1 year ?
- 1100 a price resistance for short term has been crossed today.
- Would be interesting to see !.
- After double bottoms at 710 in last 6 months and a higher bottom at 750 it looks like a bottoming out case.
- A confirmation of trend change comes above 820-850.
- Recent lows at 750 a stoploss. Good risk-reward if one is trying to pre-empt.
Larsen and Toubro
- Been sideways for the last 3-6 months after that massive move on results.
- Will break above 1600 or below 1400.
- If only A M Naik could guide us like he has done for L&T Housing Finance -
Tata Global Beverages
- One laggard stock where everyone has hopes for a really long time.
- Can it breakout above 145 and 150 in coming months.
- Lets c personally a bit hopeful here 🙂
Securities covered above:: Reliance Inds, Tata Global, Sun Pharma, Larsen and Toubro
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