The Reliance Capital Chart looks quite interesting ...
One can see a rounding bottom formation and at the micro level, it is 'correcting' after the recent rise from Rs 300 levels to near Rs 600 levels.
A break above Rs 575 now should give a target near Rs 750-800.... Keep stoploss at Rs 510-520 levels. . .
Higher targets may be achieved if the general markets too get sustained.
Happy trading!
CA Rajiv D Khatlawala
Head of Research & Training
JHAVERI Securities Ltd.
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