Technical Analysis of Indian Equities by Nooresh

GMDC, GSFC and IDEA – Interesting Bullish Setups


GMDC --- Super breakout can head to 200-250 in medium term. Short term target 190. Disclosure – Recommended at 168 and booked at 183 but looking at re-entry.



GSFC --- A stock on radar for long term. Even chambal looks interesting in the fertilizer space.




IDEA – Another stock which has broken out from a bullish flag pattern can target 102-105. Have advised a btst at 98 lets c how it works out.


Happy Investing

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2774 articles.

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{ 4 comments… add one }
  • Hari August 26, 2011, 08:29

    Which is your favourite technology co. ?

  • neeraj August 27, 2011, 19:09

    please post your detailed views on chambal too if you are tracking it . will be helpful 🙂 thnx in advance

    • nooresh August 29, 2011, 08:28

      Hi neeraj,

      I am tracking the stock closely. Support points for entry around 86-90. Close above 107-110 band will be a long term breakout.

  • neeraj August 30, 2011, 12:35

    thanks for your timely help nooresh ji . your views mean a lot .


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