Technical Analysis of Indian Equities by Nooresh

Raymond — Good Breakout. Headed to 450-500, Jindal Poly for medium term

raymondchart

 

This is one of the stocks recommended as a momentum trade.

 

Stock seems to have caught momentum but a major breakout in medium term.

 

Buy in dips to 400-420 with a long term view also.

 

Another stock which we have been buying into and looking to accumulate is Jindal Poly with a medium term outlook.

 

Expect a good upside to 220 in short term and 250 + in medium term.

 

jindalpolybreakout

 

 

Technical Analysis Training Program schedule – 3rd week of April in Mumbai. Enroll at the earliest. For more sms me on 09819225396 Nooresh ( after markets ) or call Kazim 09821237002

 

Meanwhile one can look to book partial on Divis Labs. Bombay Burmah has inched up to 600 can book part and keep rest for long term higher targets.

 

Happy Investing,

 

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2583 articles.

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{ 4 comments… add one }
  • Sunayana April 2, 2012, 19:54

    Hello Nooresh.

    Your blog provides valuable insights. Thanks for continuing to share.
    I would appreciate your insights on BHEL & ONGC. Are these good buys at these levels for long term (2+ years)?

    Regards,
    Sunayana

    Reply
    • nooresh April 2, 2012, 20:22

      Well i am not a big fan of the above stocks unless its a trading bet so no view for long term.

      Would suggest nesco at current levels for 2 yrs

      Reply
  • bhanu April 2, 2012, 23:45

    hi Nooresh,

    could suggest your view on Ion Exchange pls?

    -bhanu

    Reply
    • nooresh April 3, 2012, 00:05

      Well the mgmt has not been transparent. So have stopped tracking the stock.

      Reply

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