Technical Analysis of Indian Equities by Nooresh

Example – Delivery Gains Call – KAVERI SEED COMPANY LIMITED

Stock Name: KAVERI SEED COMPANY LIMITED
Current Market price : 306-314

Buying range :

Buy 50 % quantity at current levels of 305-314. Add more if dips to 280-285  range or on close above 317.

Target price : 380 +

Time Period : 3-6 mths

Best Regards,

Nooresh

 

Also SMS sent as given.

02-08-2010 11:41 AnalyseI Buy Kaveri Seed Company Limited small qty at 308-314 add more on dips to 280-285 or on closing above 318. Time Period 3-4 months. Target Price:380. Chart mailed

 

Market Price of stock was 306-309 but given a higher range in case stock rises and people dont miss in the case.

 

Kaveri

 

To subscribe to the above service mail to analyseindia@gmail.com to get the latest performance Report or call Asif 09833666151 . Charges 7k per qtr. Ideal for medium term investors. Additional Optional Strategies also given in the scheme and more updates via SMS.

 

TECHNICAL ANALYSIS TRAINING SESSION MUMBAI AUGUST 07-08

Enroll at the earliest for group discount and more. For more details call Kazim 09821237002. Learn and Apply Technical Analysis profitably the same way as we at Analyse India are doing consistently.

Cheers,

Nooresh

Article by Nooresh Merani

Nooresh has written 2581 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 18 comments… add one }
  • Rohini August 3, 2010, 05:47

    This company was recommended in a blog named http://www.value-picks.blogspot.com,three times in past one month from a level of Rs.270/-

    Reply
    • nooresh August 3, 2010, 09:36

      Hi Rohini,
      Thats good. We at Analyse India look into fundamentals + technicals to reduce the amount of holding time 🙂

      Cheers,
      Nooresh

      Reply
  • Rakesh August 3, 2010, 12:01

    Nooresh,

    Thanks, bought a token qty. of 10 @ 310. Will monitor it over the next couple of months.

    Rakesh

    Reply
  • Manav August 3, 2010, 16:56

    Hi Nooresh

    bought 60 shares @ 311 today..unfortunately it got beating also today 🙁 will try to catch more between 270-280, if it comes to these levels…Pls guide if any SL need to be put though.

    regards

    Reply
    • nooresh August 4, 2010, 02:01

      Hi Manav.
      In our Delivery Gains call we buy and accumulate a stock with patience and conviction. As mentioned 50% at 310 and rest at 280 odd.
      Stoploss would be 270 though we would have a review if it breaks as its a low volume stock usually

      Reply
  • Nidhi Doshi August 3, 2010, 18:07

    However today the stock plunged by 7% after Q1 results were announced.

    Reply
    • nooresh August 4, 2010, 01:59

      Yes ,
      280 a good zone to add with medium term view.

      Reply
      • Nidhi Doshi August 4, 2010, 16:48

        I am not sure though. The charts suggests that there could be further downside of 10 rs. It may find support near 270 levels.

        Reply
  • xyz August 4, 2010, 09:44

    I m holding 2000 nila infra @ 2 and 200 rishi laser @ 45 … Can nila do 10 bucks and rishi 100 over the years…

    Reply
    • nooresh August 4, 2010, 10:48

      Rishi YeS …. dunno abt nila

      Reply
  • Nwo August 4, 2010, 10:07

    What would be the stop loss, its more than 10% down after your recommendation.
    Can we average more.

    Nwo

    Reply
    • nooresh August 4, 2010, 10:47

      Hi Nwo,
      As u see the recommendation clearly mentions to buy 50% and rest on decline.
      Well in Delivery Gains we look towards a perspective of 3 months.
      So it clearly mentions to average at 280.

      The stock will test patience 🙂

      Cheers,
      Nooresh

      Reply
  • Nwo August 4, 2010, 15:04

    Hi Nooresh,

    Thanks for your prompt reply. Based on your confidence on the stock bought more at 285 levels.

    Nwo

    Reply
  • Rakesh August 4, 2010, 15:07

    Hi Nooresh,

    Based on your comments bought 20 more at 280. If time permits can you please look at the charts of Lokesh Machines, its supposed to be a fundamentally good stock. It reached 150 levels in Dec, 2007 but after the crash it never took up, still languishing at 50 levels. There where rumours of big bull RJ planning to increase stakes.

    Rakesh

    Reply
    • nooresh August 5, 2010, 09:28

      Hi ,
      Rakesh Lokesh looks excellent at current levels. I am waiting for a technical trigger to buy else the stock can stay sideways for long.

      Reply
  • Raju August 4, 2010, 16:40

    The closing price of Kaveri Seeds is 278.85 can we buy at this price.

    Reply
  • Manav August 4, 2010, 17:45

    Hi Nooresh Sir,

    Pls guide, if I can put After Market Order for SL of Kaveri seed @ 265 for tommorow?

    Reply
    • nooresh August 5, 2010, 09:43

      Have put my views on Kaveri clearly

      Reply

Leave a Comment