Technical Analysis of Indian Equities by Nooresh

Dabur India — Finally a Breakout.

Dabur

 

This is the only FMCG stock which has not performed and have been waiting since quite some time to see a nice volume tick with price movement.

Today we got one which indicates that every dip till 106 can be bought with a small stoploss.

Target Price 114/122. As its FMCG so low beta stock so one can keep small stoplosses and big targets.

 

Disclosure: Have initiated a buy at 107-107.8 today. Will be recommending the same on CNBC too.

 

Regards,

 

Nooresh

Article by Nooresh Merani

Nooresh has written 2609 articles.

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{ 4 comments… add one }
  • Sachin Advai April 13, 2012, 12:41

    Hello Sir
    Whats your view on Glenmark Pharma, i dont know if you track it, but seems to have broken out of a down trending line after many months of consolidation . Thanks
    Regards
    Sachin

    Reply
    • Nooresh April 13, 2012, 13:45

      Hi Sachin,

      Have recommended the above stock on cnbc today.

      We took a buy yesterday around 315.

      Reply
  • mani April 14, 2012, 15:21

    hello sir , can you pls share your views on banknifty from here ?

    Reply
    • Nooresh April 16, 2012, 12:03

      Hi Mani,

      I dont take a very close look on Bank Nifty generally and for now would wait for RBI policy before taking a bet.

      Reply

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