Technical Analysis of Indian Equities by Nooresh

Divis Labs and Aditya Birla Nuvo — Interesting long term bet

Divis Labs has been one of the favorites and have been recommending aggressively from 670-700 levels. Although the target price of 800 is done but now it seems the stock can be headed much higher after a consolidation.


Investors with an outlook of 1 year and looking for defensive bet for slow and steady returns may accumulate on sharp declines.



Another stock which is shaping up well and can give a good 15-20% upside in the long run. Buy on declines below 900-850 or in momentum above 950.

An interesting stock to watchout for over the next few months to invest. Outlook should be for 6-12 months though returns could be faster on breakout.






Article by Nooresh Merani

Nooresh has written 2774 articles.

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{ 4 comments… add one }
  • Imtiyaz June 14, 2011, 09:51

    Hi Nooresh,

    Few days ago, you mentioned the chances of breakout in ITC. At the moment ITC is sort of consolidating, do you think it can cross 200 in june?

    • nooresh June 14, 2011, 10:12

      Hi Imtiyaz the stock is at 197 + if we consider the 4.5 rs div. Continues to look strong

  • Jitendra Joshi June 14, 2011, 19:26

    Hi Nooresh!!
    Please tell what should be the stoploss for both above positional trades.

  • Hari June 14, 2011, 22:31

    chart view on IFCI ?.. can’t find fundas on it ever


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