Technical view by Nooresh

Technical Picks – BPCL , Aditya Birla Nuvo




BPCL – Continues to face resistance at 680 levels. Sustaining above it with volumes can give a quick move to 720 +




Aditya Birla Nuvo -

This has been one of my favorites recently with a medium to long term view. Would maintain my short term target price of 1050 and 1100-1200 in medium to long term.

Traders may look to buy at 965-985 with a stoploss of 950 for a target of 1050 in short term.


Just a message sent to our delivery gains client on June 17   - Low made after that 821 which gave good accumulation period. Now booking slowly on every rise.

CORE PICK ADDITION ------ ( Can buy to the extent of 15 % of portfolio )


Accumulate in pyramid manner by increasing exposure at every decline.

buy 25% qty only at 880-900

accumulate by adding on every decline till 850/820.

The stock will catch momentum above 945-950 where one can add rest of the position.

Target Price - 950-1050 and 1200

Time Period - 6 -12 months


Analyse India




A huge rounding formation for last 5-8 years indicates there a possible turnaround in the company.

Need more views from fundamental experts :) Technically a major breakout on close above 31



Online Technical Analysis Workshop on

August 6th-7th

To know more on Discounts & Details contact: Kazim on 09821237002 or Asif on 09833666151



Article by Nooresh Merani

Nooresh has written 2532 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 1 comment… add one }
  • bhanu August 4, 2011, 08:06

    hi Nooresh,

    can i continue to hold hitech plast and Lokesh Machine both are 25 to 28% down from my buy price please advice this can be averaged.

    Appreciate you suggestions


Leave a Comment