Technical Analysis of Indian Equities by Nooresh

Small Cap Coverage – Subex Systems / Mirc Electronics

Subex Systems :

The stock has made an interesting turnaround on weekly charts.

The stock should do 80 in medium term. Accumulate on every dip stoploss below 56.

Disclosure: Recommended at 57-59 to clients.

Subex

Mirc Electronics:

There is a huge difference in valuations for this company compared to its peers if one does a one to one comparison. Expect a re-rating of the stock in next 6mths to 1 yr.

Technically one should buy in the range of 28-25 slowly or on closing above 31.5

Target would be 40 in long term.

Disclosure: Recommended at 27-27.5 booked part at 29-29.5 and holding rest to add on dips.

MircElectronics

 

TECHNICAL ANALYSIS TRAINING SESSION BANGALORE – OCT 16-17 ( 3 seats left)

 

Further plans for Hyderabad and Mangalore. Interested ppl mail to analyseindia@gmail.com with your contact details.

 

Regards,

 

Nooresh

Article by Nooresh Merani

Nooresh has written 2581 articles.

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{ 7 comments… add one }
  • sanjay October 15, 2010, 17:00

    Nooresh,

    What do you see for Alok. Volumes rising for last few days but not able to cross 23-24. I think beyond that it can run. What is your observation.

    Regards,
    Sanjay

    Reply
    • nooresh October 18, 2010, 10:44

      Hi Sanjay,

      Can do 23/26 in near term but would get interesting above 26 only.

      Reply
  • Sunil October 15, 2010, 17:13

    Hi Nooresh,

    I see a breakout happening at the upper side for Sunil Hitech Engineers. Is that correct? Is it the right time to buy?

    Thanks,
    Sunil

    Reply
    • nooresh October 18, 2010, 10:44

      Hi Sunil.

      I have not seen the stock of late so cant comment

      Reply
  • rakesh jain October 26, 2010, 16:27

    Does Dhunseri seem to be on the verge of breakout. Please clarify

    Reply
  • Ashok December 22, 2010, 18:39

    Dear Nooresh,
    Greetings,
    what is your view on Birla Power Solution and Wellspun Corp in very near future?

    I am very much interested in learning Technical.Can u suggest any good site or when is your next round of seminar in Mumbai?

    Thanks & regards,
    Ashok

    Reply
    • nooresh December 23, 2010, 13:12

      Hi Ashok,

      I have seriously negative views on Birla Power 😛 if u see from my previous articles.

      Welspun corp 150-160 is a good price provided one has patience.

      Mumbai January 8-9 call Kazim 09821237002

      Reply

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