Techncial Analysis:RIL,Infy and Larsen

By | February 16, 2012

Infosys Limited

Infy is trading at its supply zone of 2891-94. Crossing above this level can take stock to sub 3000 levels Failing to cross will take back to 2700-800 range.

Sell below 2887 Tgt 2864,2851 and 2827

Buy above 2895 Tgt 2911,2930 and 2947

 

 

Larsen

Larsen and Tubro has retraced 138.2% of current rally ie.1469. This level will prove a significant resistance for LT

Sell around 1464-69 SL 1480 Tgt 1440,1416 and 1401

 

 

Reliance

RIL is facing support at its trendline resistacr @820.Low today was 820

Sell below 819 TGt 813,805 and 791

Buy above 827 Tgt 835,842 and 852

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