Tuesday, March 16, 2010
RELIANCE
Reliance is the largest private sector conglomerate in the country. As of 12/3/2010, Reliance is trading at an attractive P/E of 10.28. The stock is in an uptrend going for 1050.
Weekly chart proving a long-term view of the company
by Admin at Tuesday, March 16, 2010 |
6 Comments:
Reliance Picks
July 7 Short @1893. Target reached @1750, July 10.
RELIANCE
Entered oversold territory.
Wait for signals for fresh longs.
RELIANCE @2020, July 27
Wants to come down to the 100-day SMA (1840)
It is still in a downtrend. Down days has higher volume than up days
RELIANCE Aug 5 at 2084
Nice tussle going on here. Seems like some more of the shaky holders need to get out. Will it take out the 2088 high at high volume, and do a ABC up to 2300?
March 15, 2010: Going for 1050
March 15, 2010: Reliance pierced through 100-day SMA (and local max) on nice volume. Looks like it wants to go for 1140-1150
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