Mar 22, 2012, 11.22 AM | Source: CNBC-TV18
Above Rs 690-700, Reliance Infrastructure can test Rs 780-790, says Mithil Pradhan, Violet Arch Capital Advisors.
Mithil Pradhan (more)
Chief Strategist - Derivatives & Technicals, Violet Arch Capital Advisors | Capital Expertise: Equity - Technical
Pradhan told CNBC-TV18, "When I look at the chart of Reliance Infrastructure, I see a very large pattern which is completed. There are three legs to this particular pattern. I see this pattern as an irregular flat. These kind of patterns usually occur when there is a strong move expected on the upside."
He further added, "I actually see this kind of patterns in a lot of stocks but it stands out in the case of Reliance Infra. I might have given a very conservative target but if it really is able to move above the Rs 690-700 range, I think it can easily go to about Rs 780-790 range as well."
Rel Infra in February this year had announced the
Mitesh Thacker of miteshthacker.com suggests buyin
Reliance Infra has made clarification to the excha
Sandeep Wagle of powermywealth.com recommends buyi
CA Rudramurthy BV of Vachana Investments has a bul