http://www.business-standard.com/india/news/ril-loses-bid-for-canadian-firm/388837/
Above is the hrly chart of Reliance (Yesterday’s trading ).From 1030 to 1072…What a rally ?
On 3rd March ,LyondellBasell NEWS was out and stock zooomed from 992 to 1027 level in single session.
-Just think it over :Why this is happening with all companies listed in INDIA ?
-If u hunting to buy some company….is it Bad NEWS for company ?
If u lose …….and if u are not able to get Foreign Company…is it good for Domestic company ?
Technically ,I had written stock looking Hot only.
But who was having this NEWS …that it had has lost out on its $2-billion takeover bid for Calgary-based Value Creation.
-Media is reporting Today morning …so somebody was having this NEWS during trading hrs itself ??
Yes ,Chart indicated 2 days back only…Fiery move on card.
But reasons were known to some Insiders only…..Jai ho !!
Updated at 6:35/17th March/Baroda