Technical Calls:Infosys,Rel Infra and SAIL
Reliance Infrastructure Limited
RIL gave a breakout for the downward trendline on Friday and after that consolidating again from past 2 days with expansion in volumes.
Consolidation after breakout is good for stock as it gives enough strength from next upmove. As of now stock is in zone of resistances
One Bearish Indicator is Negative Divergence in RSI. We would require the Price confirmation for the same.
Buy above 575 Tgt 580,584 and 588
Sell below 570 Tgt 565 and 556
SAIL
Testing times awaits SAIL as it is nearing its 50 SMA which was its previous …
Read the full story »
RIL gave a breakout for the downward trendline on Friday and after that consolidating again from past 2 days with expansion in volumes.
Consolidation after breakout is good for stock as it gives enough strength from next upmove. As of now stock is in zone of resistances
One Bearish Indicator is Negative Divergence in RSI. We would require the Price confirmation for the same.
Buy above 575 Tgt 580,584 and 588
Sell below 570 Tgt 565 and 556
SAIL
Testing times awaits SAIL as it is nearing its 50 SMA which was its previous …
Read the full story »
posted by Bramesh at
8:05 AM
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