RNRNL MATHS

MATHS PROVES RNRL UPTO 100 !!! Dr abdul hameed | Hide replies

The total number of shares in RNRL is 163 crores.But the floating number of shares (shares held by the public) is just 48.8 crore shares.
RNRL has been trading in a range of 62-75 rupees,that is just a maximum of 13 points up or down for the past 3.5 months(from 28th OCT 2009 to 11th FEB 2010). But RNRL traded as one of the most active counters during the period.Hence we can conclude that this was accumulation that was going on in the 3.5 months period.
The total number of shares traded during the above 3.5 month period is 74 crore shares.
Now let us go back to the floating number of shares.The total traded shares(74 crores) is more than1.5 times the floating number of shares(48.8 crores).Hence what does this finding of ours indicate? RNRL which is Rs 65 now can increase upto a minimum of 65*1.5=97.5
Now have not i proved that RNRL can at least reach upto Rs 100. What it requires is only an initial spark!!!!!