Technical Analysis of Indian Equities by Nooresh

TECHNICAL CHARTS – Mundra Port, Unitech, Glenmark Pharma, Easun Reyrolle and Western India Shipyard.

Just a few technical charts which look interesting in near term.

Mundra Port :

The stock has given a breakout and is all set for 185 levels in extreme short term.

Disclosure : Recommended at 166-170 to clients.

MundraPort

Unitech :

After a clean 10-15% move up in DLF one can expect Unitech to ride on a similar way if it crosses 89-91 barrier. Risky players can buy with a stop of 82.5

Unitechhh

GLENMARK PHARMA :

Nice breakout seen with decent volumes. Expect a move to 350 in short term.

Disclosure: Recommended to clients at 302-305 today.

glenmark

EASUN REYROLLE:

An excellent bet for long term investors on fundamental basis. Technically could see a very sharp move if crosses 130 with volumes. Investors can keep on radar to accumulate on dips and traders wait for 130.

EasunReyrolle

Western India Shipyard:

A speculative pick as its pretty volatile. One can expect the stock to touch 18 over the next 1-3 months. Buy with a stoploss 12.3. Momentum could be seen on crossing 14.5 with volumes.

WestIndia

 

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Article by Nooresh Merani

Nooresh has written 2596 articles.

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{ 9 comments… add one }
  • Vijay September 29, 2010, 15:25

    Hi Nooresh, any sl suggested for Glenmark?

    Reply
  • zulfikar September 29, 2010, 22:34

    hello nooresh,
    what are ur views on the following: dcb in the near term,
    jmc in the next 3 months, modison metals and hikal?

    Reply
    • nooresh September 29, 2010, 23:56

      Hi Zulfikar,

      DCB long term 75+ short term is good.

      JMC projects a good hold. Modison Metals wait for dips. Hikal is good but will test patience

      Reply
  • Himanshu Gupta September 30, 2010, 00:26

    hello nooresh,

    Give your views on sms pharma @ 187….can hold for 2 years…Ipo came @ 380…

    Best regards
    Himanshu

    Reply
  • Rakesh September 30, 2010, 10:07

    Nooresh,

    Mundra is trading at 163.5, can we buy it or you have stopped out.

    Rakesh

    Reply
  • kalpesh September 30, 2010, 20:12

    MUNDRA SL IS CLOSING BASE?

    Reply
  • aman October 1, 2010, 00:21

    Respected sir,
    have recently started following your site and had profited from HUL and NTPC call.

    Sir i am myself interested in learning Technicals, and would be thankfull if you could suggest what book or which other resource i could read to learn more. I would also love to attend one of your seminars whenever they happen in Delhi.

    Today i looked at the charts of HCL Info, sir does it qualify as an head and shoulder pattern or not.
    Also i have position in Hindalco and HPCL, and i would be greatfull to you if you could suggst how do they look on the charts.

    Thanks and Kind regards

    Reply

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