Technical Analysis of Indian Equities by Nooresh

≑

Strong Technical Buy – Rico Auto

 

In the last few months we have been selectively picking Auto Ancillary Stocks and shifting after making good gains. The last 3 good trades were Autoline Inds 140 to 180/200. Motherson 155 to 185 , Auto Corp Goa 320 to 390 the next pick we have come down to is Rico Auto which looks interesting with medium term outlook.

 

The stock should ideally target 40 levels in medium term.

 

Disclosure:

Recommended in Delivery Gains/QuickGains at 29/27 :). Intended purchase over.

 RicoAutoBreakout

 

TECHNICAL ANALYSIS TRAINING SESSION MUMBAI scheduled for Sept 4-5. For more details get in touch with Kazim 09821237002 to confirm your seat.

 

NEW OFFERING : Please look into the document below to get our ADVISORY SERVICES AT ABSOLUTELY ZERO COST !!!

Will put a post on it soon..Click below to know the details.

VALUE FOR MONEy !!! VFM

 

Cheers,

Nooresh

Article by Nooresh Merani

Nooresh has written 2556 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 12 comments… add one }
  • Ashish August 25, 2010, 00:11

    Hi sir , This is Ashish and shall i buy RICO AUTO INDUSTRIES ? and medium terms is for a month or more than that? plz recommend thanks ..

    we have come down to is Rico Auto which looks interesting with medium term outlook.

    The stock should ideally target 40 levels in medium term.

    Reply
    • nooresh August 29, 2010, 18:25

      Ashish,

      A strong accumulate

      Reply
      • Ashish August 29, 2010, 21:04

        Hello sir i got RICO Auto at rs 30 after that stock fall shall i buy more any advise ?
        and what is gold up to for september month ?
        will it going to touch and cross new high or a fall? gold maximum , minimum for september month any recomendattion ?
        thanks reply as soon as possible …
        Ashish!1

        Reply
  • xyz August 25, 2010, 01:01

    Sir bought some lincoln pharma and rico auto n sold camlin n rishi laser … Where should I look to book gold … Bought 2 mini at 18050 (1180) . Is the rally going to continue and will it surpass 1270 within the next mnth … Don’t ask for my identity .. I m just a well wisher n a follower for abt 4 yrs .. Keep Rocking !!!!

    Reply
    • nooresh August 29, 2010, 18:25

      Rico Auto looks interesting with a 1-3 months perspective. Lincoln need to study in depth but a good stock to take small exposure. Gold i doubt 1270 can be crossed in near term. Time to take a short view closer to previous highs

      Reply
  • xyz August 25, 2010, 01:03

    Sir bought some lincoln pharma and rico auto n sold camlin n rishi laser … Where should I look to book gold … Bought 2 mini at 18050 (1180) . Is the rally going to continue and will it surpass 1270 within the next mnth … Don’t ask for my identity .. I m just a well wisher n a follower for abt 4 yrs .. Keep Rocking !!!!!!!

    Reply
  • Amit August 25, 2010, 12:04

    Sir what is your view on Jaysree Tea. Is it still hold as stock is not performing like TATA COFFEE.

    Reply
    • nooresh August 29, 2010, 18:24

      Hi Amit,

      Got a trailing stoploss hit

      Reply
  • Rithik August 31, 2010, 18:47

    Dear Nooresh,

    I bought Rico Auto aroung 30 range and holding it. Can i accumulate Rico auto now or come out from this range. what would be the stop loss for this??

    Thanks in advance

    Regards
    Rithik

    Reply
  • Pranav September 13, 2010, 14:05

    Hi Nooresh,

    Market has crossed 5750 and Mr. Rico Auto is down.
    Does it still look good for your targets (1-3 months)? I bought at 30 levels.
    Please suggest.

    Regards.
    Pranav.

    Reply
    • nooresh September 13, 2010, 15:34

      Hi Pranav,

      I think u need to get ur basics right πŸ™‚ Market is of Nifty 50 stocks πŸ™‚ And it does not mean that all stocks will go up !!!

      If you dont have the patience for 3 months exit

      Reply
      • Pranav September 14, 2010, 11:34

        Wokay sir. Will keep patience for the next 3 months…Thanks!

        Reply

Leave a Comment