Technical Analysis of Indian Equities by Nooresh

Ion Exchange – Follow up on Small Cap Coverage

The stock ION EXCHANGE was last covered in April 2010 at 140 levels. We continue to maintain that it is a potential multi-bagger in the long run and can give superlative returns.

Recently added the view also - http://www.nooreshtech.co.in/2010/07/small-cap-coverage-excellent-performance-for-patient-investors.html 

For the previous post read - http://www.nooreshtech.co.in/2010/04/small-cap-coverage-ion-exchange-water-story.html 

 

The stock is about to give a strong breakout on weekly charts. Sustained closing above 180 should propel the stock to 230-310 in the medium to long term.

 

Disclosure: Fresh recommendation sent to clients at 165-169 and half booked at 185 levels. Will re-enter sold qty on any dips.

 

 

Ionexchange

 

All these stocks with long term potential are covered under our DELIVERY GAINS SCHEME. ( An ideal scheme for investors with medium term outlook and looking for steady portfolio growth)

 

Check the performance report here on the same - http://www.nooreshtech.co.in/2010/06/delivery-gains-performance-update-2.html 

 

Regards,

Nooresh

Article by Nooresh Merani

Nooresh has written 2623 articles.

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{ 4 comments… add one }
  • anshuman July 17, 2010, 18:55

    sir, is there a head & shoulder in rcom ?

    Reply
    • nooresh July 19, 2010, 13:51

      not trackin HNS closelyt

      Reply
  • harsh July 19, 2010, 14:32

    sir pls guide on gtl infra its not moving and u r bearish on mkts . what should be done here ?

    Reply
  • Himanshu Gupta July 19, 2010, 21:54

    Hello nooresh ,

    Give your views on RIDDHI SIDDHI GLUCO BIOLS LTD (524480) ….i want to invest in this stock for 1 year…..Give me gud entry levels & SL also in case of huge correction in mkts….

    Thanks & regards
    Himanshu

    Reply

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