RELINFRA: Bull phase, target Rs. 825

RELINFRA: Bull phase, target Rs. 825
Reliance Infrastructure Limited Symbol: RELINFRA Suggestion: Buy, Target Rs. 825; SL Rs. 780 Open             765.00 High              795.00 Low               752.00 Last Price    789.90 Fig. 1: Price movement - Reliance Infrastructure Figure 1 shows the price movement for Reliance Infrastructure with 3 major SMAs that help in identifying the current trend. The 3 SMAs being 4 (brown), 9 (blue) and 18 (orange) days respectively. The SMA(4) line is well above all other SMAs, and SMA(9) is above the SMA(18) line; this means that the stock is currently in the Bullish phase. The gap between the 3 SMAs is...

By iBlogger On 12 May 2009 Continue Reading ... Comments Off

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