how to use basic fundamental concept ,for result time
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we know reliance result is coming soon,reliance's main business is refinary . Now govt company (its peer BP-HP-IOC) all move substancially . As oil price was very low in this first quarter,profitability must be better. Also next quarter - crude oil price shall be stable, so expectation build up suggests UPMOVE. so when result comes play long .Use target as per ur TA knowledge.
This i call anticipatory trade
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just now i get a thank u telephone from Indore, - he says -dada thanks.
I ask -why?
He tells - the idea u give work very well , the moment i see today HP moving ,i take Reliance 1020 call @ 16.8 - and soon it jumps , i get out at 27/- ,
I ask -why sell early?
He says -dada ,one info 10/- giving , so cool profit book is better.
bye.
Moral: in others' info trade -trade is luck . Grab it before erases.Use strict stop .Dont say -grapes r sour.