Yes stock took out the resistance convincingly... 1450 is the follow on target... with average fundamental valuation (fund houses) of ~1450 .. stock is likely to test it by or post results.
Expecting 1500 by Dec.
GaurangJoshi
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@Raghuraj.pandya, Today respected our resistance level too !!
raghuraj.pandya
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@GaurangJoshi, Yup... I was all geared for result today based on Reuters... to realise RIL had stated 18th... expecting improvement at EBITDA margins.. which can be a trigger. .. Also expecting some news flow Aramco deal by Oct end... Modi in Middle East for a trade conf... (hypothesis... this one)
GaurangJoshi
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@Raghuraj.pandya, Yes could be an added in analysis, but I generally use max TA, and avoid news based trading.
Expecting 1500 by Dec.