Thursday, December 22, 2011

Reliance Industries Ltd: catching a falling knife

There is no reason to be bullish.. Yes I am confident in saying that. From last few days we have seen in downtrend. Know we have not seen any sign of a “reversal”. It is better to stay away from this stock.

If reliance manage to break that downtrend channel. We may think to hook it. As per know “avoid it”