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May 04, 2012, 11.48 AM IST
IIFL is bullish on Reliance Infra and has recommended buy rating on the stock with a target of Rs 548 in its May 2, 2012 research report.
IIFL is bullish on Reliance Infra and has recommended buy rating on the stock with a target of Rs 548 in its May 2, 2012 research report.
“Reliance Infra on the daily chart has signaled breakout from falling trend line above Rs 520 after declining for almost last one month. This breakout was also confirmed with positive crossover in RSI which indicates a buy from over sold position. Moreover on Monday, the stock bounced back from its 100-DMA which is bullish trend reversal pattern and followed with positive closing. We recommend buying Reliance Infra above Rs 528 with stop loss of Rs 518 for target of Rs 548,” says IIFL research report. Public holding more than 90% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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