Thursday, January 7, 2010

RIL-Looks set for a big move..?

Author: Ilango | Posted at: 8:58 PM | Filed Under: |
In daily close chart- It has broken out.
In day/week candle chart, it is at the channel resistance.
Since Post Election results of last year, this stock has been consolidating.
Either breaks out of 1120 & 1145 to much higher levels
OR correct towards 1025 & then launch into big move up..

1 comments:

shareshutra on January 9, 2010 at 6:44 PM said...

Breakout's are better to be traded if occurs with volume( even after the bulk trading - volume is not encouraging yet)- better to trade after a closing above 1120 with volume for confirmation.

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