CALL 9898160777

Reliance Media (BUY, between 92-92.5, Target Rs100): Reliance Media  has been showing resilience in last 3-4 weeks with trough of Rs84 holding firmly despite volatile markets. Such a higher bottom formation thus result into a bullish pattern of double bottom which implies that downside risk for the counter is almost over. The RSI on weekly chart is taking shape of inverted head and shoulder in the oversold terrain which reinforces bullish trend in the counter. We recommend buying Reliance Media in the range of Rs92-92.5 with stop loss of Rs89 for Target of Rs100. (Duration 7 days)