Technical Analysis of Indian Equities by Nooresh

Technical Pick – Subex Systems

Subexbreakout 

Subex Systems:

QuickGains : Buy Subex at 77-78 stoploss 75 tgt 85/90 in 2-3 weeks.

 

The stock has given a breakout above 77 levels today. Could see a good move to 90 in short term. The stock retraced 61% and has now consolidated for last few weeks. Accumulate for investors.

Earlier had discussed the same stock at 58.

 

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Regards,

Nooresh

Article by Nooresh Merani

Nooresh has written 2556 articles.

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{ 6 comments… add one }
  • bhanu December 22, 2010, 20:04

    hi nooresh,

    would you revisit the small cap segment in near future?
    bhanu

    Reply
    • nooresh December 23, 2010, 13:11

      Hi Bhanu,

      Will revisit when i feel there is a need to average. Some stocks are down but the story remains

      Reply
  • M J December 23, 2010, 09:27

    Hi Nooresh,

    thanks for all the great recos…analyseindia rocks..
    i have one q, about surya pharma…is it buy at current price….after split its now around 29-30

    thanks again…

    Reply
    • nooresh December 23, 2010, 13:10

      Hi Mihir,

      Surya is good provided u have a 1 yr vision and accumulate

      Reply
  • Nidhi Doshi December 24, 2010, 12:36

    Hello Sir,

    81 is strong resistance for Subex.
    Only once it crosses 81 convincingly, it may inch to 90 levels.
    Given the market conditions, it will require lot of fuel to propel this stock.

    Reply
    • nooresh December 28, 2010, 13:51

      Hi Nidhi,

      Lets c how it goes over the next month

      Reply

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