Technical Analysis of Indian Equities by Nooresh

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Interesting Technical Chart— Aarti Inds, Ambuja Cements , GoodYear India

AartiInds

 

Aarti Inds --- It was earlier discussed around 45-48 levels as an interesting stock. The breakout came and did a good 20% spurt. This confirms a turnaround in the stock and now one can buy on retracements.

 

Earlier discussions --- Link 1 ,   Link 2 ,

 

This is the Ambuja Cements chart made yesterday when we initiated a buy at 164 to clients.

image003

 

We have maintained the stance of Cements being the most defensive bet in the Large caps !! and bang on all of them are hitting 52 week highs.

 

Earlier view on cement stocks --- Cements --- the next sector to watchout for

We recently bought into Grasim at 2550-2590 ( cmp 2660 ) and holding on. Posted the chart here

Even Ultra Tech Cements, Shree Cements remain a favorite which have performed well.

 

BF utility ----- The stock was posted at 320 levels has done the target of 390. Book profits --- Check post here.

 

Couple of chakri stocks being rigged --- DAZZEL CONFINDIVE LTD. and Confidence Petro. Though the stock can just continue to runaway πŸ™‚ one can only look for entertainment.

One more stock Indian Infotech & enterprises seems going the Avance technology and Market Manipulation Way

 

goodyearrange

 

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Nooresh Merani

CEO – Analyse India Market Solutions Private Limited.

Article by Nooresh Merani

Nooresh has written 2613 articles.

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{ 3 comments… add one }
  • Himanshu Gupta February 3, 2012, 07:58

    Keep eye on Tata Elexis ..Abv 225-226 for 250+ Tgt SL 220

    Reply
  • Ravi February 3, 2012, 23:58

    Hi Nooresh

    Do you track….Escorts Ltd?.Will it be good for long term buy?

    Thanks
    Ravi

    Reply
  • sahil February 29, 2012, 23:33

    ambuja sement charts

    Reply

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