buy RELINFRA aT 583 tgt 600 sl 560
Primary trend of the RELINFRA is bullish and after giving
breakout of its MONTHLY PIVORT POINT range bound movement, it is forming
continuation pattern in short term charts, it is likely to continue the
positive movement with the breakout of the pattern at the levels of 582 ; as
the stock is managing to trade above its 22 and 55&200 days moving averages
with the RSI of 55, one may expect the targets of 600/605 in the stock if it
manages to sustain above the immediate support level of 560.first resistance
level seen on charts at 592.
DAILY CHART FOR RELINFRA:
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