Is this time for RIL?

Thebullishtrends: RIL share price closed today at Rs.3162((-1-69)%. Reliance Industries Board will announce it's Q3 results on 17th January'08. The share price is witnessing a very good momentum for the last 10 days. Market sources are expecting that RIL may post bumper results for the Q3. Technically the share price has come down to Rs.3162 from Rs.3267 level. But there is a possibility to bounce back within 2-3 days to Rs.3300-3400 as brokers are expecting that it will announce gas discovery revision announcement or promoters may exercise early warrant conversion. Analysts are saying that there will be no chance for Stock split/bonus announcement at this time.