Technical Analysis of Indian Equities by Nooresh

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BEML for the week, Venus Remedies for Medium term

 

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BEML:

Strong breakout seen above 1040 levels The stock should move upto 1160 in extreme short term. Buy with a stoploss of 1020.

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Venus Remedies:

Strong Breakout on weekly charts at 290 levels. Accumulate at 295-300 and on dips with a stoploss of 275. The stock should do a target of 335/400 in medium term.

 

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{ 19 comments… add one }
  • Mihir September 3, 2010, 08:53

    Nooresh bhai,

    thanks for your updates…u rock man…again we have seen upward movement from 17800..

    have one q…surya pharma it has zoomed but still lot of market buzz…
    is it a time buy fresh? or simply wait for it to come down little…want to take exposure for 3-6 months

    thanks again

    Reply
    • nooresh September 3, 2010, 10:10

      Hi Mihir,

      17820 the low rocked πŸ™‚

      Surya Pharma one should wait but long term i maintain the positive view.

      Reply
  • Rahul September 3, 2010, 09:55

    Nooresh Bhai !!!!!!
    Cheers !!

    See you Rocked…! and back in action !!

    ATLAS CYCLE !! PERFECT CALL
    NIRMA !! PERFECT CALL!

    Three cheers for you

    &

    May GOD Bless you !

    Reply
    • nooresh September 3, 2010, 10:09

      πŸ™‚ Rahul please dont discuss client calls in an open forum:).

      Reply
  • Amit September 3, 2010, 10:12

    Sir need your comments on J&K Bank. Looks very interesting but need accumulation levels for it. Pls guide me. Sir pls reply my Query.

    Reply
  • Abhishek September 3, 2010, 14:42

    U rock Nooresh.. BEML was gr8..

    Reply
  • Arun Karthik September 3, 2010, 16:50

    Nooresh,

    BEML – Waaw!!! This is what called as hitting the bulls’s eye.. Interesting analysis..

    Reply
    • nooresh September 6, 2010, 15:48

      Hi Arun,

      Thats Clean Simple Technical Analysis which we teach.

      Reply
  • Manish September 5, 2010, 16:13

    Dear Nooresh ,

    Your calls have been spot on more often than not … Just wanted to thank you for your analysis ..

    Reply
  • hesh September 5, 2010, 18:32

    hi nooresh,
    hesh here ur call rock BEML. i have time techno @ 55 as u give buy call what should i do? Also i hve old supreme petro. right now all time high. what to do? check fundamental ur side. i check technical no sign seen of tgt!!!
    He$H…

    Reply
    • nooresh September 6, 2010, 15:47

      Hi ,

      BEML πŸ™‚ hope u made money. Time Techno shift or exit. Supreme is a hold for more

      Reply
  • MADHU September 6, 2010, 08:39

    please pulish TCI FINANCE research report, if possible

    Reply
    • nooresh September 6, 2010, 15:46

      Hi Madhu,

      First let me make one

      Reply
  • sanjay September 6, 2010, 12:02

    Hi Nooresh,

    GTL and RComm deal collapsed. What do you make out of it ?

    I think it is good for GTL infra as lot of debt would have added to its books. Please comments and let us know ur long term view on GTL infra.

    Regards
    Sanjay

    Reply
    • nooresh September 6, 2010, 15:46

      Hi Sanjay,

      The things still remain good for GTL infra in long term but will wait n watch.

      Reply
  • satbirkangar September 6, 2010, 19:35

    YOU ROCKK – IT IS YOUR HABIT NOW,
    CONGRATS FOR EXCILLENT ANALYSIS,

    KINDLY SUGGEST ON PIRAMAL HEALTH — BECAUSE OF DIV. BUZZ
    IS IT BUY IN F&O, OR CASH ONLY ?

    Reply
    • nooresh September 7, 2010, 01:14

      Hi Satbir,

      Well you know the reasons for BEML – 5 ka πŸ˜›

      I always prefer Cash πŸ™‚

      Reply
  • Rahul September 6, 2010, 20:25

    You are The Best πŸ™‚

    &

    You are the Best πŸ™‚

    &

    Simply YOU ARE THE BEST πŸ™‚

    Reply
    • nooresh September 7, 2010, 01:14

      Hi Rahul ,

      Hope the last to last weeks bad patch is now invisible of the purple patch this 8-10 sessions πŸ™‚

      Reply

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