Friday, June 21, 2013



RIL looks weak and moving in a triangular pattern. Stock may visit the lower end of the pattern at 777 levels.Stock closed below LOW EMA which is bearish sign for the stock.

Short the stock at CMP or on pull back with SL at 819 for target of 777 - 745.

1 comment:

  1. Stock hit our targets in 2 days.Missed to go long this stock. We were thinking that stock may take more time to break out of this range.