Wednesday, September 18, 2013


Ashu Madan of Religare Securities told CNBC-TV18, Reliance Power since last four-five weeks has been trading with a huge volume within Rs 65-70 band, so I think this band should hold, something should come up. The movement it crosses Rs 70-72, it can go to Rs 82 levels but I think one should keep a strict stop loss of Rs 65-66 on the downside to hold this.

He further added, This is a buy also at Rs 72, which is not very far from the current price but it has given a very sideways movement with the big volume. So I feel that probably something is coming up and maybe if it is able to cross Rs 72, we could see some sharp rise in this stock. So one should wait and hold on to this stock with a strict stop loss of Rs 65-64 levels if it convincingly breaks down below that.

No comments:


The information in this publication is provided by is intended for use for Readers & Traders . Every effort is made to provide accurate information, but cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.

free counter