Should we buy Reliance Industries now?
3 November 2008
The Indian Central Bank has cut rates, and Reliance looks well bid. Should we buy Reliance here? My response is No. We will see another dip in this stock and let us look at it again at that time. If you have purchased this stock when it was around 1000, then you should look to get out on this rally. I would be surprised if it stays above 1480 for long. | |
| |
This is the kind of Indian stocks setup I break down in detail in Module 9, Module 10, Module 17 and Module 18 of my course, built around real Indian stock case studies like TCS, BHEL and Bajaj Finance.