Buy RPL even at current levels

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Reliance Petro See messages about Reliance Petro Reliance Petro BSE | NSE 01/01/70 Are Mutual Funds betting on Reliance Petro?

Technical Analyst, Sudarshan Sukhani is of the view that momentum trader can buy Reliance Petroleum even at current levels.

Sukhani told CNBC-TV18, " In the short term RPL is going to breakout and if one is a momentum trader then he/she can buy even at current levels hoping to gain something from the momentum that's just catching up. But if one is not a momentum trader then there is nothing in the stock, its range bound, the chances are it will remain range bound for years altogether."

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