Technical Analysis of Indian Equities by Nooresh

Stock on Radar — Piramal Glass

PiramalGlass

 

Piramal Glass

The stock is making an excellent inverted head and shoulders/cup and handle with multiple tops in the range of 138-145.

A breakout move above 142-145 range can give a target price of 165 in short term and much higher in medium term.

 

Traders can keep a watch on the stock whenever it breaks out with volumes above 142-145 levels.

 

Regards,

Nooresh

Article by Nooresh Merani

Nooresh has written 2569 articles.

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{ 2 comments… add one }
  • vishal July 25, 2011, 14:34

    I want to knw isn’t it is a risky affair to invent in piramal glass as it is already in its 52 weeks high

    Reply
  • Deepak July 25, 2011, 16:08

    Excellent pick Nooresh!

    Hoping to expect more such picks from you with the market picking up steam recently.

    Reply

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