Technical view by Nooresh

BPCL /HPCL …. Nearing long term resistances

BPCL and HPCL have reached important resistance levels.
The above two stocks need to be watched clearly as sustaining above 560 and 420 in coming months would imply that there is something cooking in the sector. Even IOC is placed similarly.
Sensex Technical View :
Nothing much has changed technically and the uptrend continues to remain till we dont see a closing move below 15200-15350 zone. On the upside 16050-16200 is a significant resistance.
Continue to look for stock specific moves.
GAIL if sustains 352 expect a move beyond 360 in short term. Oil and gas sector charts are firming up seems some accumulation on.
Aptech seems another move to 300-320 in short term. High risk traders can buy above 280
uflex maintain long term positive view. Closing above 105 would be positive.Uttam Galwa in to new high territory above 100 now difficult to take a target but a thumb rule buy on life highs gives a buy call on it ! ( recommended to clients at 45 and then again at 95 )
Two penny picks from punters for 30% rise. RIsk is very HIGH !!
Brushman Inds
BPL ltd
SENSEX the next Multibagger ....a technical view - Analyse India Seminar
Tentatively scheduled - 13 September Ahmedabad. Mail to for details/confirmation.Venue will be put up by Friday. Pass on the word to interested people.
Best Regards,

Article by Nooresh Merani

Nooresh has written 2531 articles.

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