April 2007


This posting is in response to a query on RELCAP ,

I beleieve that after buring the charts for the last few days , now it is entering the crucial phase where it could face some resistance near its 52 week highs at 720 . The last time the stock was here it fell on good volumes , so i would expect strong resistance around these levels .

RELCAO.JPG

If this levels is broken then the stock will enter unchartered tetetoriy this leading to possible upsides. Watch out for this level

Avinash MB

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