Go long on Reliance Power, says Sukhani

Jul 04, 2013, 02.22 PM IST

According to Sudarshan Sukhani of s2analytics.com, Reliance Power is giving a sense of bottoming out so one can prefer to go in it.

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According to Sudarshan Sukhani of s2analytics.com, Reliance Power is giving a sense of bottoming out so one can prefer to go in it.

Like this story, share it with millions of investors on M3

Go long on Reliance Power, says Sukhani

According to Sudarshan Sukhani of s2analytics.com, Reliance Power is giving a sense of bottoming out so one can prefer to go in it.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Reliance Power is giving a sense of bottoming out. It is also giving a head and shoulder bullish pattern and probably worth taking a punt, worth taking on the long side."

The share touched its 52-week high Rs 111.35 and 52-week low Rs 58.55 on 05 July, 2012 and 28 March, 2013, respectively. Currently, it is trading 40.59 percent below its 52-week high and 12.98 percent above its 52-week low. Market capitalisation stands at Rs 18,555.91 crore.

Also Read: Tata Power consumers to pay 25% more tariff

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