Reliance Industries can touch Rs 900: LKP

Published on Tue, Feb 07, 2012 at 14:49 |  Source : CNBC-TV18

Updated at Tue, Feb 07, 2012 at 14:58  

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Rakesh Gandhi, Senior Technical Analyst , LKP

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Reliance Industries can touch Rs 900, says Rakesh Gandhi, Senior Technical Analyst at LKP.

Gandhi told CNBC-TV18, " Cairn India is near its all-time high that is around Rs 370 or so and it is already trading around that level, so it would find some resistance at this point."

He further added, "Reliance is quite better-off based on charts perspective. If it remains above Rs 840 or Rs 830 level the upward trajectory would continue and it could see levels up to Rs 900 in coming days."

Disclosure: We have recommended some of the stocks at LKP but I do not hold any of the stock.

  

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