Reliance Infra can test Rs 780-790: Pradhan

Above Rs 690-700, Reliance Infrastructure can test Rs 780-790, says Mithil Pradhan, Violet Arch Capital Advisors.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Stocks Views

Mar 22, 2012, 11.22 AM | Source: CNBC-TV18

Reliance Infra can test Rs 780-790: Pradhan

Above Rs 690-700, Reliance Infrastructure can test Rs 780-790, says Mithil Pradhan, Violet Arch Capital Advisors.

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

Reliance Infra can test Rs 780-790: Pradhan

Above Rs 690-700, Reliance Infrastructure can test Rs 780-790, says Mithil Pradhan, Violet Arch Capital Advisors.

Post Your Comments

Share Cancel

Mithil Pradhan (more)

Chief Strategist - Derivatives & Technicals, Violet Arch Capital Advisors | Capital Expertise: Equity - Technical

Above Rs 690-700, Reliance Infrastructure can test Rs 780-790, says Mithil Pradhan, Violet Arch Capital Advisors.

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."

Buy, Hold, Sell ? Hear it first on M3
Reliance Infra can test Rs 780-790: Pradhan

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