Technical Analyst, Sudarshan Sukhani is of the view that one can buy Reliance Petroleum, RPL.

Sukhani told CNBC-TV18, "First RPL fell down then it consolidated, which was a buying opportunity for investors and for traders and then a classic breakout. It is just following of what the Nifty is doing. For the last few weeks the Nifty has been performing well for technical analysis. So RPL is a buying opportunity, I don’t think it’s a buying opportunity for investors, it has fallen steeply, so we do not know if this rally is just a short-term rally but it’s certainly an opportunity to trade in on the long side."