May 2007


Dear all ,

REL has a downside breakout from the triangle formation as predicted REL Triangle -Wait for breakout ..

If one had used the strategy suggested by me they would have made a profit 3000 Rs as the put option of 540 for REL is now worth Rs 9 .

Total cost of the trade would have been  1925 !!!

Downside target of 515 will now be achieved for this stock !

Avinash MB

 

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