Rnrl

sudoku1

Well-Known Member
#26
Dear All
I am also having rnrl [email protected] think it is not advisable to come out.If it goes to rs 90 ,better to average it.It will not goes below 80.this is my openion
bhulokeshwar
it can b dangerous t sit in alosing average train....only on confirmation of the uptrend , should one average.....or just think of the plight of JAICORP ,RIIL ,BAJAJHIND ......the averagers have themselves got averaged...:)
 

karthikmarar

Well-Known Member
#28
Technically RNRL is still in the bear grip. On a weekly basis it made lower high. Also it is making a decending triangle tough not a classical one. The support zone would be the region around 97-100. It it cracks 95 then we would see values below 80. The stock is going down on increased volumes and the immediate trend would be bearish...

Also like sudoku said averaging can be dangerous. It is a very common mistake made by many people. Ofcourse if you spot strength and see reversals then it can be good to average. Just dont go by absolute values.
 

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