RNRL wins the court case against Reliance Industries on gas supply issue. Now Reliance will have to sell the gas to RNRL at a price lower than the government approved price of $4.2 per mmBtu, it would affect their profit margins .
- RNRL shares gained 24% (heavy volumes)
- RELIANCE shares lost 7.5% (heavy volumes)
What should you do with these two shares ? Lets first see the charts of these shares for 3 months
RNRL
Short Term : BUY for short gain
Long Term : BUY
RELIANCE
Short Term : SELL below 2100 on closing basis
Long Term : BUY on Correction
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{ 3 comments… read them below or add one }
Hi,
Wish u a Happy birthday.
BTW, why you are saying RNRL is a buy for shortterm? Is short term means 3 months?
Thank you
Ravikumar
@Ravi Kumar
Because this stock is currently rallying more because of Sentiments more and fundamentals less. So on any dip buy for short term , short term is just some days , not months
thanks for your wishes
manish
You never know with these AMbani Brothers
Tomorrow Morning they may come out with another statement which gets there shares crashing ro sky-rocketing