Technical Analysis of Indian Equities by Nooresh

Blue Star , Dena Bank, Exide Inds, Elecon Engineering, India Bull Real Estate – Quick Technical Charts

Click on the chart to see a detailed view.

BLUE STAR :

 

Excellent Cup and Handle – Should target 550 in medium term.

 

Bluestar

DENA BANK :

 

Multiple Tops around 95-96 levels which if broken the stock should head to 105-110 in extreme short term. Watchout for Volumes increase.

 

denabnk

EXIDE INDS :

Breakout above 130.

Stock is consolidating around the zone of 130-134. Buy with stop of 125.

 

Exide

INDIA BULL REAL ESTATE :

Bounce Back candidate

IBREAL

ELECON ENGINEERING :

 

Recommended to our clients in Delivery Gains and QuickGains Premium Clients at 80-82 with a target price of 100. Partial booking done at 90.

 

EleconEngg

 

T

Article by Nooresh Merani

Nooresh has written 2627 articles.

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{ 26 comments… add one }
  • PUSHKAR June 24, 2010, 00:15

    hi,
    would definately buy blue star but should we buy after breakout or is it that we can start accumulating ???

    Reply
    • nooresh June 24, 2010, 00:27

      Hi Pushkar,
      Buy on dips to 400 or on closing above 440. Mind you the stock can stay sideways for quite some time as its not a very liquid stock

      Regards,
      Nooresh

      Reply
  • Murtaza June 24, 2010, 11:04

    Nooresh,

    Satyam y’day gave a Triangle breakout. Stock can be bot at dips with SL 85 for tgt 103.

    Hope i’m right with this one 🙂

    Murtaza

    Reply
    • nooresh June 24, 2010, 12:00

      Hi,
      Yes seems a breakout but overall trend is weak so can consolidate.
      Regards,
      Nooresh

      Reply
  • rochak parekh June 24, 2010, 14:02

    u look like sajid nadiadwala, movie producer. one more similarity, he has also got successes more than the failures, what say.
    regards
    rochak

    Reply
    • nooresh June 25, 2010, 02:06

      Hi Rochak,
      Dunno if i look neway similar 🙂
      Neways good luck to your blogging.Write responsibly 🙂
      Cheers,
      Nooresh

      Reply
  • Raj June 24, 2010, 17:23

    Sir what is your view on United Phosphorous at these level’s…please advice.

    Thanks.

    Reply
    • nooresh June 25, 2010, 02:05

      Hi Raj,
      United Phosphorous i have a long term call initated from 165/185. Remain positive for 250 over the long run. Buy on dips to 180-190.

      Reply
  • Neena June 24, 2010, 18:26

    Hi Nooresh,
    Kindly advise me for Alok and Suzlon which i am holding at higher levels.Can suzlon be retained as a long term bet with one year view and whats the expected target for the same?

    Reply
    • nooresh June 25, 2010, 02:04

      Alok i would consider to shift into Elecon on Easun reyrolle.
      Suzlon is a hold for long term but would go slow

      Reply
  • Amit June 25, 2010, 09:58

    Sir what the tgt on COLGATE holding from 720 levels. Shall I book part or wait for more upside to come. Pls give me levels.

    Regards
    Amit

    Reply
    • uday June 26, 2010, 10:36

      hold for 1000 trg

      Reply
    • nooresh June 28, 2010, 14:31

      Book part hold for 5% more

      Reply
  • ANKUR June 25, 2010, 11:01

    Can i bet on Suzlon ahead of right issue. Right issue @63/- whereas market price around 57/-

    Reply
    • nooresh June 28, 2010, 14:31

      Suzlon long term story … Rights not a reason to be buyin it

      Reply
  • Mihir June 25, 2010, 12:50

    Nooresh bhai –
    ratnamani?? hold , sell …how long we have to wait…recently it did 135 but after that consolidating…

    also your view on anant raj…i am holding for a year now…but it is not able to move above 130…

    thanks again!!

    Reply
    • nooresh June 28, 2010, 14:30

      Ratnamani is a good hold. Anant Raj is a little over-owned with so many reports on it so patience would be tested

      Reply
  • Nirmal June 26, 2010, 13:23

    Hi Nooresh,

    Hope you are doing well. I have bought Torrent Pharma @ 555/- few days ago. It went up to 590/- and has come down to 560/- . Should I add more if it comes to 535-540 level or exit at cost.
    Please give your view.

    Reply
    • nooresh June 28, 2010, 14:29

      Nirmal can hold on to the same. Not an add

      Reply
  • rochak parekh June 27, 2010, 03:03

    please visit my blog STOCK2GAINS.blogspot.com
    to react on my new write up” What is ur trader type ” . My friends, comments from all of u are very important as i would wanna keep improving myself in my journey of blogging.
    thanks
    regards.
    rochak

    Reply
    • nooresh June 28, 2010, 14:29

      Hi Rochak,
      Cheers enjoy

      Reply
  • Akshay June 27, 2010, 17:38

    Nooresh,

    Missing your QUOTES and SUNDAY THOUGHTS. Pls try to post some SUNDAY THOUGHTS if possible.

    Regards

    Akshay

    Reply
    • nooresh June 28, 2010, 14:28

      Hi Akshay,

      Yes stuck on time.

      Regards,
      Nooresh

      Reply
  • a c roy July 5, 2010, 15:42

    Vimta Lab

    Booked Profit one half purcahsed above 33. Have another half purchased below 30.
    Tomorrow it can do 42.

    For 55 , how much may I have to wait?

    Reply
    • nooresh July 6, 2010, 13:09

      Hi A C Roy,
      Will need to be patient for next 6 mths for 55.
      Regards,
      Nooresh

      Reply
  • kiran Patel December 5, 2010, 00:59

    dEAR sIR,
    ADVISE ON HINDUSTAN MOTORS SCRIP AS IT IS SHOWING ON THE CHARTS AND ITS SHORT TERM TARGET ( TIME PERIOD0 I AM HOLDING MANY SHARES AND ALSO WHAT IS THE STORY NOW

    Reply

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