Stocks Included:
1.) Reliance petroleum 2.) Aban Offshore 3.) Gitanjali Gems 4.) Bharat Forge 5.) LIC housing finance 6.) Tata Tele Mahatashtra 7.) Vijaya Bank 8.) Reliance industries
RELIANCE PETROLEUM LTD.
- Short term Trend is Upwards.
- Closest Resistance is 137. Closes Support is 125.
- It is going up and forming an overall scallop shape(when seen on weekly charts) signifying slow accumulation at lower levels of 100 and 120.
- If break and sustains above 150, may indicate start of a major bull run,with a target of 190- 195 .
- RSI is consistently above 50 level signifying overall uptrend .
- MACD on weekly basis is about to go for a bulli sh crossover.
Can Buy with SL at 120. [click to continue…]
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