Technical Analysis of Indian Equities by Nooresh

Strong Technical Pick – City Union Bank

cityunionbank

 

CITY UNION BANK :

Strong Technical Pick for a quick 10-15% jump.

Buy at 49-50 with a stoploss of 46.8 and a target price of 55+

Disclosure: Recommended to clients at 48 and 49.

 

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Article by Nooresh Merani

Nooresh has written 2595 articles.

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{ 12 comments… add one }
  • jayanthimurali October 28, 2010, 11:01

    Hello Nooresh,
    Thanks a lot for the article and it is extremely useful. My sincere thanks for all your Sms updates.

    Reply
  • Mihir October 28, 2010, 11:57

    Thanks Nooresh for the reco!

    I have one query,,,,its about western india ship…checking technical chart not making much conclusion…is it still hold for a big move? or book profit in the range of 17-18……
    Thanks for your help!

    Reply
    • nooresh October 28, 2010, 12:56

      Hi Mihir,

      It can see a fresh move above 19

      Reply
  • satish October 28, 2010, 17:41

    Dear Nooresh,
    Hope u doing well!!
    I have made handsome money thru Quickgains…….My sincere thanks …… Really happy the way u guys function,,, Asif and Kazim ……..thorouthly Professionals….
    Following are the stocks im really stuck……. Kindly advise ;
    I bot 500 stocks of Valecha Engg @ 196 , 4000 stocks of Mirc Ele @ 27, and 200 stocks of Auto Corp Goa @ 400 ………….as advised
    Do I need to holdon/average Valecha ???
    short term can I expect Mirc Elec to touch 32 or so……..

    Thanks and Regards
    Satish

    Reply
    • nooresh October 29, 2010, 00:38

      Hi Satish,
      Thanks for the appreciation.
      Valecha stoploss hit exit on rise to 184.
      Mirc Elec and ACGL are hold for long term.

      Regards,
      Nooresh

      Reply
  • Sunil October 29, 2010, 09:12

    Hi Nooresh,

    Is Lokesh Machines still good to buy at CMP of 64?

    Thanks,
    Sunil

    Reply
    • nooresh October 29, 2010, 11:23

      Hi Sunil,

      Yes slowly accumulate with long term view.

      Reply
  • saurabh October 29, 2010, 10:39

    hi nooresh,
    reading ur blog since 3-4 months and its really a gr8 stuff as well as educative also,
    keep it up and cheers. trying to ride the momentum.
    can u tell fundamental and technical views about gmr infra.
    can i buy more at these levels for short to medium term with a stoploss of 52 on closing b

    Reply
    • nooresh October 29, 2010, 11:22

      Hi,

      GMR infra technically is weak if stays below 51 can be real bad.

      Reply
  • Sunayana November 2, 2010, 09:18

    Hi Nooresh,

    What do you do with City Union Bank? Its moved down after touching 52 levels.
    Is the target of 55+ still ON or things have changed?

    Regards.
    Sunayana.

    Reply
  • HARIDAS December 8, 2010, 20:39

    Hi Nooresh

    Whats ur view on Crane Software….Is it abuy at current level for long term

    Reply

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