NeeteshJain
Long

RELIANCE INFRA - GOOD INVESTMENT STOCK

BSE:RELINFRA   RELIANCE INFRASTRUCTURE LTD.
It is been observed that the price action has reached down at lowest levels at around 300 last year. And now, it is trending up in a channel, making new higher highs and higher lows, indicating a further move up. It is a good investment as Budget season coming around and it is believed that this budget will support and boost infrastructure. It might accumulate good deals near budget, in all a good investment for this year.

Target 1: 550

Target 2: 600

Stoploss: 480

Kindly share your views below in order to create a good investment opportunity for everyone.
Trade active
Comment: Now, attempting to break 520 resistance levels, looking good. Regards
Trade active
Trade active
Trade active
Trade active: Reliance Infra Performing well so far, shall reach to target by this month. Regards
Trade active
Trade closed: target reached: Target 1 reached Successfully. Regards
Trade active: Target 2 is about to reach. Regards
yes cmg out of long side ways movement and was eyeing that hope u saw my post also we share the same view
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I can see Rectangle Channel in RELINFRA. Other indicators are giving a confirming signal for breakout with a good target.

Here is the chart for the same - https://in.tradingview.com/chart/aeA5xvmD/
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PankajNegi PankajNegi
+1 Reply
I also have the same view. I did this observation at november end. https://in.tradingview.com/chart/QtD56IkU/
+1 Reply
@vanathi, The linked chart showcases RCOM chart. Is it the one you observed? Regards
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vanathi NeeteshJain
@NeeteshJain, Sorry, I am encoutering this problem for second time, when sharing the link. I have posted my view as "Relinfra & Investment".
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Thanks Neetesh.
+1 Reply
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