Technical Analysis of Indian Equities by Nooresh

Eicher Motors – Another strong breakout – Accumulate. Sensex range bound for now.

EicherBlog

 

 

Eicher Motors – Stock has hit 52 week highs in falling markets 🙂 which clearly shows the strength.

Accumulate on every dip stoploss 1300 medium term target price 1600-1700.

 

Disclosure: We have a buy on Eicher, Berger and other stocks discussed and will be from a little lower levels or closer to current market price 🙂

 

Sensexblog

 

Sensex supports at 16200-16400. Resistance at 16800-17300. Long term supports at 15400-15600.

Article by Nooresh Merani

Nooresh has written 2613 articles.

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{ 2 comments… add one }
  • Arvind September 12, 2011, 21:25

    Just trying to learn your way of reading chart!
    Is there a breakout in Gitanjali gems.?
    kindly confirm.

    Reply
    • nooresh September 12, 2011, 23:28

      Gitanjali is a breakout on charts but volumes are a bit dicy as well as the stock tends to give lots of false moves.

      Reply

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