GMR Infra has formed a clear head and shoulder pattern. Current price of 88 is a level where the stock had consolidated in the past. Down side from here could be up to 78. Falls can be considered to enter for long term target of 137 which is about 75% from here.
Reliance Petro at 175. Is at its upper trend line which has not been broken from long time now. If manages to close above 187 would see old levels again. One can enter above 187 with stop loss of close below 180. Upside in short term at 196-204 and longer term at 264 as of now.
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