Enter in RPL on correction

Technical Analyst, Sudarshan Sukhani is of the view that enter in Reliance Petroleum, RPL on correction.

Sukhani told CNBC-TV18, “RPL is almost at all time new highs, if we leave the first week of listing and it is in a very strong uptrend, so theoretically, everything is going well for the stock but if the question is should I buy now, now the stock that had a vertical rally like this one can correct anytime, so the right approach would be to wait for a correction and enter only if you feel happy at that point of time. I do not think that you should be buying these breakouts.”