Finquest Securities has advised traders to buy Reliance Communications with target of Rs 267-280.
“Reliance Communications has formed a variant of Bullish Morning Star at the lower band of its falling channel. Prices thus seem likely to witness a relief rally towards Rs 267-280. Buy the stock on dips to Rs 245 for a target of Rs 267-280 and keep stoploss below Rs 238,” said the technical note.
