Technical Analyst, Vijay Bhambwani is of the view that Reliance Capital can go up by Rs 50-75.
Bhambwani told CNBC-TV18, "Reliance Capital is better poised to recover whenever the markets do bottom out or even go higher. From the current levels, the risk reward ratio is favouring the bulls over the next two-three week timeframe. I would not really be surprised to see Rs 50-75 upmove from here though the downsides may not be more than Rs 25-30."
Source: Moneycontrol
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
No comments:
Post a Comment