• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Reliance was a market outperformer last week.

It achieved our first target of Rs 1,119 and hit an intra-week high of Rs 1,125 on Friday.

The momentum continues to be strong on both the daily and the weekly charts.

As long as the price sustains above Rs 1,040, the stock should head towards our next target of Rs 1,239.

There is a target in the interim at Rs 1,184.

Hold on to your long positions with a stop-loss at Rs 1,040.

Lokeshwarri S.K.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Read ULIPs well before investing

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line