Does RPL an exit call ?

Does the market rumours of RPL merger with RIL, makes an exit call for RPL ?

Merrill Lynch recently requested to switch over from RPL to RIL for its customers.

TULSYAN also reccomends the same.

Recently NDTV & moneycontrol flashing the same...

• What made this refinery plant ( yet to start production) to merge with RIL ?
  
• Whats the conversion factor of RPL to RIL , if the above said is going to happen ?
  
• whats the best move an investor in RPL has to do now?
  
• Is it just an another rumour in dalal street?

I believe there is no smoke without fire.

Do you have an answer for these queries ?????

-koolfriend4u

Dear,
i hv heard these things on tv.
bt i hv got news frm blackmarketing brokers that rpl is exit now. it cn again go to 190-200 level infew days.
wat to do ?
shud rely or not? cant take decision.However their success rate is 90%.
i m nt playing in rpl, since it has becm "hathi ka baccha".hilta hi nahi.very bore share nowadays

Not taking any chances with RPL.

This is not an exit...
dec end target is 250+++
anytime it can boost like rocket...
this wat i have heared in the market...
rest all dont know....
masters plz give review on this....

I agree with him...I also have the same news that operatiors are expected to take this stock to 260 and then smash it down to 200 odd.....

RPL is neither a buy nor a sell currently as the congestion pattern that it is showing may be either accumulation or distribution, 250 and 190 are the levels to watch, whichever gets broken decisively should decide the trend for RPL.

Though if we keep technicals aside for a minute i think this is more of a distribution than accumulation, if players wanted to accumulate it they could have done it slowly at 190 levels without a sharp bounce which took prices to 230 levels, though i think most of the time it is useless to make our own views in market, let the market tell us what to do

Just my 2 billion cents

Though my signals are wrong 4 out of 10 times, but as people here know I make up my losses with the help of martingales

I will be selling on monday below a particular price......... lets see...

If it goes down, I would be booking a 5 rs per share loss.

If not, it will give me a buy in 1 or 2 days and I will jump on again, using my friend Mr. Martingale to take care of my previous loss.

I am also seeing this as distribution....

Ratan i can't understand what are you trying to show on charts and what do these green and red arrows mean, support and resistance points, looks a totally alien chart to me hope you can take some pain to explain this for a bumper prize of 1 YEAR FREE SUPPLY OF ZOKOMOKO BISCUITS

Though i have noticed a symmetrical triangle on RPL charts by joining the arrows you have shown, so may be breakout from any of the sides of triangle will be a breakout for RPL.

And anyways what is this MAR-TINGALE, some formula fro MARS???

My view would be to stayout as a positional trader at this point of time.. just stalk it at this point of time.. In daily charts the uptrend is broken and downtrend is still in question

Till its confirmed either way.. its better to stay out of it for positional traders. There is an exit at 210 long time back..

Regards
Raj