Technical Analysis of Indian Equities by Nooresh

Small Cap Coverage – Ballarpur Inds – Investment pick

BILT

 

Ballarpur Inds:

An excellent cup and handle on the stock.

Accumulate at current levels and slowly add on declines to 38 or lower with a stoploss 36 on closing basis.

Target 52/60 in long term.

 

Disclosure: Recommended to clients in QuickGains today.

 

Regards,

Nooresh

09819225396

meraninooresh@yahoo.com

Article by Nooresh Merani

Nooresh has written 2571 articles.

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{ 11 comments… add one }
  • Ayush Mittal October 26, 2010, 08:04

    Hi Nooresh,

    Yes, it seems to be a good opportunity. I have been tracking stocks of Paper cos and they seem to be doing quite well and valuations are attractive.

    Have a look at J K Paper also. What I like is – comparatively its at cheapest valuations despite having brand and one of the best margins. Would like to know your technical view.

    Thanks & Regards,
    Ayush

    Reply
    • nooresh October 26, 2010, 13:25

      Hi Ayush,

      Yes Ballarpur is a technical cum funda pick. Also it has a subsidiary with high valuations.

      J K Paper will face resistance around 80 levels which has been a top for many years now.

      Regards,

      Nooresh

      Reply
  • Pranav October 26, 2010, 11:01

    Hi Noresh,

    In one of my questions to you on this blog about a month back, i had asked your opinion on Ballarpur Industries. That time you mentioned that it is a laggard and you suggested to move out of the stock. I had bought it at 33 levels and exited at 36 levels. & suddenly i see this post on your blog…I’m not sure why did you suggest to exit?

    Regards.
    Pranav.

    Reply
    • nooresh October 26, 2010, 13:21

      Hi Pranav,

      Its always about relative returns in investing and opportunities available. We as a technical analyst doesnt matter whether buy price is 33 or 40. We are looking out for a investment with a low holding period and a good risk reward.

      Regards,

      Nooresh

      Reply
      • Pranav October 27, 2010, 11:16

        Hi Nooresh,

        I dont think your reply fits my question. Anyways, i will look to reenter BILT soon.

        Regards,
        Pranav.

        Reply
        • nooresh October 27, 2010, 14:01

          Hi pranav,

          Well i just give my view on certain stocks which may or may not always be right.

          Reply
          • Rohan October 28, 2010, 09:23

            Dear Pravav,
            In technical study we wait for clear confirmation, at the time you asked about the view it’s chart may not seem to have a good risk reward.

            Thanks
            Rohan Bhardwaj

  • sangram October 26, 2010, 21:54

    hi nooresh ji ,
    i am holding dptl(193) and easun reyrole (139)what price can i book profit in both

    Reply
    • nooresh October 27, 2010, 14:03

      hi,

      reduce on further rise beyond 210 and 150 slowly

      Reply
  • Manish Yagnik October 31, 2010, 17:55

    Dear Nooresh Bhai,

    Is it advisable to buy Jain Irrigation Systems and Prime focus ?

    Regards

    Reply
    • nooresh November 1, 2010, 11:53

      Hi Manish,

      Jain Irrigation seems good not much idea on Prime FOcus

      Reply

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