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Published on 6/06/2018 1:33:32 PM | Source: Religare Securities Ltd

Buy Reliance Infrastructure Ltd For Target Rs.20.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Power Sector #Reliance Infrastructure Ltd #Trading Report #Religare Securities Ltd

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Reliance Infrastructure Limited

RELINFRA, after breakdown from a distribution pattern, has witnessed marginal bounce of late, but failed to surpass the resistance barrier of 100 day EMA on daily chart, resultant in formation of fresh shorting pivot. We advise initiating fresh short positions through put options.

Recommendation

Buy Reliance Infrastructure @ 10-11 Stoploss 6 Target 20 CMP 12 

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