June 18, 2016

JAICORP and RIIL - strikingly similar charts. So where is the catch?

- Both stocks have similar charts
- see rise and fall in JAN
- then both stocks trading in similar range for 3 months
- now up 10% on same day,
- and attempting a breakout

JAICORP


RIIL


So where is the catch?

I don't know but I think these stocks are associated with RELIANCE group (directly, indirectly).

Nothing wrong with this - but the similarities in stock price movement are too striking.

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