When we are saying Anil Ambani pack; we are not considering Mukesh Ambani group and aim of this post is to arrive at the best bet with in companies managed by Anil Ambani.
As per our technical analysis and fundamentals Reliance Infra is the ideal bet among all the companies managed by Anil Ambani.
Have a look at the chart of Reliance Infra which is looking bullish post Mukesh Ambani throwing his weight behind the Anil Ambani group and this is the main reason we are considering stock from Anil Ambani group else we do not see much strength in the group as Anil Ambani is laying foundation of his group on false promises and RNRL is a classic case. RCom has only been saved courtesy Mukesh Ambani investing Rs 1200 Crore in the company for using its optic fibre cable network.
Reliance Infrastructure Limited has broken the falling trend and reacted strongly up. During its up move its meet resistance at 440 and gets support at 357-349-320 levels. Breakout from rectangle formation above 356 and thus is a safe bet till the level of 349 is maintained. More bullishness in the stock will be seen once stock moves above 440 level.
Thus as a strategy one can be long in the stock till the time it holds 400 levels and ride the profit. Long term investors can keep a stop loss as 349-320 and can benefit with likely appreciation in the stocks as technically stock is weak in medium term. Stock has formed a double bottom pattern on 07 June 2012.
Disclosure
Our delivery tips subscribers are long in this stock above 390 level. Our delivery tips caters for short term holding stocks.
As per our technical analysis and fundamentals Reliance Infra is the ideal bet among all the companies managed by Anil Ambani.
Have a look at the chart of Reliance Infra which is looking bullish post Mukesh Ambani throwing his weight behind the Anil Ambani group and this is the main reason we are considering stock from Anil Ambani group else we do not see much strength in the group as Anil Ambani is laying foundation of his group on false promises and RNRL is a classic case. RCom has only been saved courtesy Mukesh Ambani investing Rs 1200 Crore in the company for using its optic fibre cable network.
Reliance Infrastructure Limited has broken the falling trend and reacted strongly up. During its up move its meet resistance at 440 and gets support at 357-349-320 levels. Breakout from rectangle formation above 356 and thus is a safe bet till the level of 349 is maintained. More bullishness in the stock will be seen once stock moves above 440 level.
Thus as a strategy one can be long in the stock till the time it holds 400 levels and ride the profit. Long term investors can keep a stop loss as 349-320 and can benefit with likely appreciation in the stocks as technically stock is weak in medium term. Stock has formed a double bottom pattern on 07 June 2012.
Disclosure
Our delivery tips subscribers are long in this stock above 390 level. Our delivery tips caters for short term holding stocks.
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