RNRL -Below 48 :Who will save this stock ?
10 May 2010
If u refresh your memory on Friday ,I had written Rs.76 is Laxman Rekha for this stock and crucial support were at 61-59.Below this level expect nonstop slide upto 51 level.
-High was 74.80 ,Made low of 49.15.
Now ,What to expect from this level ?
On Friday it closed at 51.50
-Traders ,Swing Traders & Investors.Just watch 48 level.
-Three Consecutive close below 48 will take stock to 34-29 level.
-Today ,If not breaks low of Friday and trades above 51 then expect Dead Cat Bounce upto 55.55—-56.95 level.
-Suppose (Anything is possible in India and with these type of stocks )If trades above 56.95 for 5-10 minutes with volumes then watch unexpected buying.
-Below 48,Stock will become TITANIC.
I was never Bullish in R.COM ,R.Capital ,RNRL ,Real Estate ,Construction Stocks ..all are manipulative stocks.
Will update more about RNRL to our Subscribers
Updated at 6:43/10th May/Baroda












Just you have to watch the level of 

