Reliance Capital is going up everyday on the assumption that its subsidiaries in insurance and asset management will be listed soon. This will unlock value for Reliance Capital shareholders.
Also, it hit sell CD stop loss, even before it gave a down close, i.e. it gave an indication that the sell CD will recycle before it gave an entry, "dead on arrival" (making use of your observation).
Reliance Capital is going up everyday on the assumption that its subsidiaries in insurance and asset management will be listed soon. This will unlock value for Reliance Capital shareholders.
On 3rd Nov 1995 Nifty was at 1000. Today it is at 10000 so appreciation of 10 X .....HDFC Equity -Regular-Growth Fund appreciated 77 X in the same period.......big difference.
Also, it hit sell CD stop loss, even before it gave a down close, i.e. it gave an indication that the sell CD will recycle before it gave an entry, "dead on arrival" (making use of your observation).
13 completed yesterday, I thought you will be with me on this one, today should be down close, watch out from today onwards (which I posted earlier as Wednesday onwards) to look for buying opportunity.