• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Stocks Views

Apr 11, 2012, 03.45 PM | Source: CNBC-TV18

Buy Reliance Communications on dips: Manghnani

Buy Reliance Communications on dips, says Anil Manghnani, Modern Shares & Stock Brokers.

Like this story, share it with millions of investors on M3

Buy Reliance Communications on dips: Manghnani

Buy Reliance Communications on dips, says Anil Manghnani, Modern Shares & Stock Brokers.

Post Your Comments

Share Cancel

Anil Manghnani (more)

Analyst, Modern Shares & Stock Brokers | Capital Expertise: Equity - Technical

Buy Reliance Communications on dips, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Reliance Communications has good support at the Rs 79-80 range and it has bounced by a couple of times from close to Rs 80. So I still think it's holding up, it did very well in a sluggish market yesterday also. So even if you do get a dip in the open you can buy into that stock just below Rs 79 as a stop loss and a move back to Rs 93-94 is possible."

He further added, "In BEML I just think it's a continuation pattern, what has happened in the last few days and especially yesterday. So I still think the stock should slide all the way to Rs 558 even lower but at least that is the first target I am looking at. Yesterday's high was Rs 604 keep a stop of Rs 605 and play for right up to Rs 558 maybe even Rs 525 but Rs 558 first."

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Buy Reliance Communications on dips: Manghnani

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login