Stock analyst Hitendra Vasudeo of stockmechanics.com has suggested investors to sell Reliance Energy stock below Rs 1200 with a stop Loss of Rs 1250 to achieve a target that lies between Rs 1140-Rs 1123.
Mr Vasudeo is of the view that investors should sell the stock today in order to avoid loss, as there are full chances of a downward trend in this stock.
He said that if the stock fell below Rs 1,150, it may see more weakness.
After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.