Technical Analysis of Indian Equities by Nooresh

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BHEL – RSI positive divergence , 2008 lows , Falling Wedge

 

 

Interesting trade for short term.

 

bhel

 

BHEL expect a good jump on sustaining 210. Either get in momentum or with a stoploss of 199 now.

 

Regards,

 

Nooresh

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{ 6 comments… add one }
  • shree May 22, 2012, 00:40

    i am expecting a target of minimum 230 or so in the short term.

    Reply
  • gandhe srinivas May 23, 2012, 21:44

    Dear Sir

    Can i have view on reliance communication bought@69 and unitech bought @22

    Where the markets are headed market is moving nowhere but stocks are correcting like any can we expect any unexpected in near term.

    Right now 150% leveraged.

    Reply
    • Nooresh May 23, 2012, 23:28

      Nifty 4750-4800 if taken out can test 4600.

      Panic has no logic. This is the time to just sit back and buy only quality stocks. Above two dont qualify in it.

      Reply
  • Hari May 24, 2012, 10:07

    What is your view on Redington ?

    Reply
  • HARESH August 18, 2012, 20:45

    HI I LIKE YOUR BHEL GUIDENCE IN RSI,

    BEFORE SOME DAY RSI GOOD + RSI WHEN STOCK – ,THERE AFTER ALL SEE RIL JUMP +100

    Reply
    • Nooresh August 19, 2012, 17:37

      Hi Haresh,

      yes πŸ™‚ good moves seen in both

      Reply

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