Reliance Industries has a buy Indication


Due to reliance industries and British petroleum deal Reliance has now in very bullish and buying indication has started.Reliance Industries has next move ment for Indian share market. Reliance will go upto Rs900 with in seven days

Reliance industries has now indicating buy signal.
Reliance is now selling its 30% stake out of 23 blocks to BP ( British petroleum) for $7.2 billion which ill help the stock price of reliance to grow .
On Friday 22nd July of 2011 Reliance was trade at Rs873 but due to this approval for selling stakes this stock will grow 2%-3% on Monday.

Reliance may go up to Rs 900 before the expiry.
Now one can initiate there buy in Reliance Industries at current market price for a 10% upward move ment with in a week.
As reliance has not only got approval for the stake sell to BP but also it has got approved for the joint venture with account of JV deal with Australia's UXA Resources.

Buy Reliance Industries above price of Rs Buy is advised above 872.8 with a stop at 854.
Target may go up to Rs 900 and for Long term the target of Reliance Industries is Rs 1100.
Support for Reliance Industries are at rs 871 and Rs 863. keep these support as your stop loss if you are buying Reliance Industries but for short term Reliance Indus tires is bullish, even for medium term Reliance Industries is bullish so you can buy Reliance Industries and can add this stocks in to your port folio to get a better return.


Comments

Author: soubhagya das25 Jul 2011 Member Level: Silver   Points : 1

Dear viewers of this resource On Monday Reliance Industries has touched Rs992 from the buying price it has up 2.5% in a single day.
Equity trader in this Reliance counter has made of 2.5% of there Investment and future & option trader have made 20% of there investment in a single day.

Author: Nayan30 Jul 2011 Member Level: Silver   Points : 0

But the share price fell down later in the week. Any ways thanks for your update.

Author: Nayan24 Aug 2011 Member Level: Silver   Points : 0

Hey why no updates from your side do continue they are good advices.



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