Technical Analysis of Indian Equities by Nooresh


Twin Stocks — Adani Power/JSW Energy ST and Hercules Hoists /Revathi Equipments MT

Two Power stocks which are looking good on technicals but difficult to take a strong call as the available data is less with both being listed less then a year. 
Both the stocks can give a quick 5-8% move in near term. Traders can keep a watch. 
Market-men suggest JSW Energy is a good bet for next 2 yrs for investors... Not my call though ... Do your research 

Two Fundamental Stocks which look interesting for medium to long term and defensive stocks for investors with patience as technically both are consolidating but difficult to take a call when it will breakout.Will continue to keep a vigil on the both though.

Best Regards,



Article by Nooresh Merani

Nooresh has written 2740 articles.

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{ 2 comments… add one }
  • Siddharth S September 23, 2010, 22:26

    Hi Nooresh,

    Based on ur update in the site on march 24th. I bought shares of hercules hoists at 229 and sold today at 342, almost 50% roi. Thanks !


    • nooresh September 24, 2010, 01:30

      Hi Sidharth,

      Good to know u had the patience πŸ™‚


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