Reliance Industries Limited Buy or sell target Reliance stoploss for futures call options and put options

Reliance Industries Limited Buy / Sell / Stoploss / Target singals based on my technical analysis. Ok.

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I will buy Reliance stock at the current price of Rs 759

I will buy Reliance stock at the current price of Rs 759 with an upside target of Rs 800 / 820 and if it comes to Rs 740 / Rs 744 i will average it for the above said target.

Maximum target of Rs 900 is also possible for Reliance in January 2012 or in Febuary 2012.

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As Rs 667 is a good support for Reliance

As Rs 667 is a good support for Reliance, the stock bounced back from the levels of Rs 687 /- and now trading at Rs 730 /- i expect the stock would touch Rs 765 levels in January and the stock could be in a side way movement for the coming months. Rs 800 target is possible in jan or feb. but now, i am not sure about that target.

If the stock break Rs 667 and close below those levels for two concecutive days, then the stock could touch the levels of Rs 450 / Rs 440 in 2012 or in 2013 first half.

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