Technical Analysis of Indian Equities by Nooresh

United Phosphorous and Oswal Chemicals ( Bindal Agro ) – Technical View

UnitedPhosEntry

 

United Phosphorous:

The stock is available at bottom of the channel and looks highly oversold.

One can look for an entry on dips with a stoploss of 160-162 on closing basis. Good investment pick also but a slow mover.

Low risk High returns. Bounce could go all the way to 180-200.

Oswal

 

OSWAL CHEMICALS ( Bindal Agro )

 

Earlier Chart posted here - http://www.nooreshtech.co.in/wp-content/uploads/2010/12/Oswal.png 

Stock has finally given a breakout above 24. Can head to 27/29 in extreme short term.

Stoploss placed at 23.

Article by Nooresh Merani

Nooresh has written 2556 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 7 comments… add one }
  • elex December 15, 2010, 17:28

    Hello Sir,

    What is your view on beckons industry. Company is earning good profit from last few years. There businees is also intresting, Only problem with the company iss low promotor holding. I am not able to decide on it wether to invest in it or not ?
    Do you think it has a potential of become a multibegger stock?

    Reply
  • Himanshu Gupta December 16, 2010, 18:15

    hi nooresh,

    Bought United Phosphorus @ 167 …. ur SL of 162 hit today …i still hold it….what to do …plz suggest ….can hold for 1-2 months

    regards
    Himanshu

    Reply
  • Shekar December 16, 2010, 18:55

    Please You still hold the view that UPhos is buy. It is near the channel bottom or near breakdown level. I have a long position at 165. Thanks and regards

    Reply
    • nooresh December 16, 2010, 21:12

      Hi Shekhar,

      Stoploss hit.

      Reply
  • M J December 17, 2010, 09:59

    Hi Nooresh,

    great calls on Sugar and intras….

    hey, did u sent the certificates to us?? just wanted to check as i was out of town for a long time

    thanks again!
    cheers

    Reply
  • Himanshu Gupta December 19, 2010, 16:55

    Shree Ashtavinayak Cine Vision Ltd dumped from 50 to 13 in a month …. whats your view ?

    Reply
  • elex December 20, 2010, 10:13

    Hello Sir,

    What is your view on beckons industry. Company is earning good profit from last few years. There businees is also intresting, Only problem with the company iss low promotor holding. I am not able to decide on it wether to invest in it or not ?

    Reply

Leave a Comment