Rocky_Chow

Phoenix rising from the Ashes

Long
Rocky_Chow Updated   
NSE:RELINFRA   RELIANCE INFRASTRU
After a breakout of INHS in April of 2021 stock is now trading in a parallel channel and is knocking at the 40 week SMA line ... the morning star pattern at the support area of the channel may be a trigger for a bigger upmove... stoploss being close below the channel...resistance at 145...
T1 163, T2 201 T3 275
The catalyst being the February 13 High Court date in its long pending arbitration dues from Delhi Metro Authority
Comment:
The case has been deferred to February 17 as per some social media handles due to scheduling issue of lawyers representing the petitioner

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