Relpetro fresh move possible

RPL Trade summary:
Buy 66, sl 63, target 68.55/70/72
Summary: buy over 3 days, sip for traders
66/65/64 entry area
sell after 5 days
do not risk > 5% of capital wide sl is 63 use that level to compute acceptable risk


Raja Kumar: as long as rpl doesn't have to subsidize as per govt policy this could be gr8 news. If govt continues heavy subsidies and oil prices remain high then this venture could go sour.

udayabhaskars (11/6/2006 10:34:13 PM): RPL has plans to set up 504 retail outlets (ROs) across the country, including in remote and low service areas, within the next three years....... This clearly indicates RPL's balance sheet with profits will roll from 2007-08 by marketing the RIL products........ cheers...

Raja Kumar: rpl has given a gap up
if gap is not fully closed out within 2-3 days it will make a massive move
for other examples of this phenomenon (news+gap up + no fill) plz see ifci/dr.reddy which were picked recently
ifci 10.7 and reddy at 750
rpl lets say that half the gap can get filled that would be rough entry area, sl below rim of gap or last low
can trade in delivery
Raja Kumar: rpl entry 66/65/64
sl narrow 64(intrada) wide 63 (wide=trend sl)


Flirterboyca g: tell me best level 2 buy rpl
Flirterboyca g: not fro trading
Flirterboyca g: for FD purpose
Raja Kumar: buy at closing
Raja Kumar: next 3 days
Raja Kumar: average
Raja Kumar: u will not have a loss
Raja Kumar: in 5 days
Raja Kumar: because in a bull market
Raja Kumar: corrections run 2-3 days
Raja Kumar: and rallies run 3-5
Raja Kumar: and rpl looks ripe for a new bull move
Flirterboyca g:
Raja Kumar: sip for traders