Technical Analysis of Indian Equities by Nooresh

ACC, Ganesh Housing , Eimco Elecon, Hinduja Ventures – Quick Technical View

Did not get enough time this weekend so a quick technical view on few stocks.

 

ACC : Time For a Bounce

 

ACC

 

Eimco Elecon :  Interesting triangle breakout for medium term

 EimcoElecon

 

Hinduja Ventures :

High cash on Book gives margin of safety.

Technically a cup and handle shud target 700 in long run.

 

 

 HindujaVentures

 

Ganesh Housing :

Breakout above 205-210

 

ganesh

Article by Nooresh Merani

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{ 11 comments… add one }
  • Neena August 16, 2010, 07:52

    Hello Nooresh,

    Kindly update the short term trend and the target for IFCI .I am holding Alok for a pretty long time but it seem to be a laggard .Can i continue holding or should i exit.Any idea about Gitanjali gems.Kindly advise.

    Regards,
    Neena.

    Reply
    • nooresh August 16, 2010, 10:57

      Hi,

      IFCI expect the stock to stay sideways. Alok can shift to other stocks. Gitanjali no view now

      Reply
  • SIVA PRAKASH August 16, 2010, 08:27

    Sir,
    PLS go through the chart of HINDCOMPOS , let me know ur view abt it

    regards
    Siva

    Reply
  • Rakesh August 16, 2010, 15:44

    Nooresh,

    Excellent Analysis.
    Have you looked at the chart of Ankur Drugs, its been falling like 9 pins. Almost lost 30% in one week. Please comment.

    Rakesh

    Reply
    • nooresh August 18, 2010, 02:33

      Hi Rakesh,

      The stock gave a technical breakdown quite some days back. Can expect 10-15% bounce in extreme short term

      Reply
  • xyz August 16, 2010, 16:02

    Nooresh bhai holding aarti drugs @ 54 delta corp @46 and klg systel @ 135 … Wht should I do hold or sell

    Reply
    • nooresh August 18, 2010, 02:32

      Aarti Inds u can exit on rise stock not performing well… Delta Corp hold on and add on dips… KLG exit on any rise

      Reply
  • Rithik August 16, 2010, 17:35

    Dear Nooresh,

    Today’s recommendation of Ganesh Housing is awesome call, however I didn’t catch this.

    Appreciate your wonderful analysis.

    Regards
    Rithik

    Reply
  • Kunal August 16, 2010, 21:00

    Hi nooresh,
    Iam holding Subros and Maxwell…I would like to know your targets and SL on the same.
    Thanx

    Reply
    • nooresh August 18, 2010, 02:32

      Please check the appropriate post for SUbros… Maxwell stop is 23.5 on closing

      Reply

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