Technical Analysis of Indian Equities by Nooresh

Sun Pharma, Lupin , Dr Reddys – All setting up nicely for breakouts.

SunPharmaBlog

 

 

Sun Pharma can see some sharp spikes above 565-570 zone.

 

Lupin and Dr Reddys also set up very positively.

 

This seems to be the next sector to keep a watch on !!

Article by Nooresh Merani

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{ 16 comments… add one }
  • smit March 2, 2012, 17:51

    U mean After Cement Sector…”Pharma Sector” will blast (outperform Benchmark indices)????

    Reply
    • nooresh March 4, 2012, 15:40

      Hi Smit,

      Thats the bet we are looking at.

      Reply
  • GOPAL March 3, 2012, 12:32

    SIR PLEASE POST YOUR VIEWS ON TIMKEN,DABUR,RUCHISOYA

    Reply
    • nooresh March 4, 2012, 15:40

      Hi Gopal,

      Timken is a good buy only below 200.

      Dabur a safe bet.

      Ruchi Soya no views

      Reply
  • nath March 3, 2012, 19:07

    why buy at upperend of channel

    Reply
    • nooresh March 4, 2012, 15:39

      Hi Nath,

      We are looking at a breakout above the channel.

      Reply
  • jagdish March 4, 2012, 16:00

    hello sir mere pass 500 tvs motors he 55 RS ke rate se kya karu 46 chal raha he
    1000 escorts 90 ke rate se kya karu pls advise

    Reply
    • nooresh March 5, 2012, 00:07

      Hi ,

      If you have not kept the stoploss.

      Average around 44-45 and 75 and exit on rise.

      Reply
  • Kaushal March 4, 2012, 23:07

    Hi Sir,

    What is your take on HDIL and Hindalco?

    Reply
  • Kaushal March 4, 2012, 23:10

    Also Sir,

    Speaking of Pharma, what is your take on Aurobindo Pharma. The stock seems fundamentally strong but has been range bound between 95+ to 120. Any breakout signs there?

    Reply
    • nooresh March 5, 2012, 00:06

      Hi ,

      Yes the stock is on radar on closing above 125 can give a spurt

      Reply
      • Kaushal March 5, 2012, 21:31

        Thank you Sir!

        Reply
  • rishant March 5, 2012, 23:34

    Sir,
    do you think if Dr. Reddys Lab is moving towards breakout, then one can trade in Dr. Reddy’s ADR also as I think the ADRs follow the price in Indian market.

    Pls suggest if its good at current price for trading and for investment?

    Thanks sir

    Reply
  • Tejas March 7, 2012, 17:39

    Taking about pharma sector what is your take on Ajanta Pharma?

    Reply
    • nooresh March 9, 2012, 11:03

      Hi tejas,

      That is again a possible breakout and remains a good stock but somehow too much in the news so avoiding it

      Reply
  • Tejas March 10, 2012, 10:55

    Thanks for your call on that.

    Reply

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