Technical Analysis of Indian Equities by Nooresh

Strong Technical Pick – South India Bank for short term.

 

SouthIndiaa

 

South India Bank --- Breakout confirmed above 24.3.

 

Big triangle breakout and good volumes indicate a target price of 28 + in short term.

 

Accumulate at 24.5-25.

 

 

Disclosure – Have a good exposure to the stock taken at 23.7-24.5.

 

 

Regards,

 

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2555 articles.

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{ 10 comments… add one }
  • damodhar July 5, 2012, 11:00

    ANY STOPLOSS SIR

    Reply
  • MEHUL THAKKAR July 5, 2012, 19:10

    DEAR NOORESH SIR,BRILLIANT CALL BY YOU..EXTREMLY PROUD TO READ TECHNICAL ANLYSIS BLOG OF YOUR.JUST GOT YOUR BLOG BEFORE 5 DAYS BUT VERY MUCH IMPRESSED BY YOUR GREAT AND HARD WORK.GIVE ME YOUR NUMBER IF POSSIBLE .

    Reply
    • Nooresh July 5, 2012, 21:18

      Hi Mehul ,

      thanks for your kind words.

      My number is 09819225396

      Reply
  • A C Roy July 6, 2012, 01:07

    South Indian Bank is always illusive. Quite some time it has retraced from 24+ levels. If mkt reverses, it will reverse heating sl 22/21

    Reply
    • Nooresh July 6, 2012, 13:50

      Lets how it works out expecting a move to 28

      Reply
  • A C Roy July 6, 2012, 01:10

    Your view about Mangalore chem and fert. Break-out with Volume confirmed. CMP 46-47. Can go to 51/52? S/L 44.
    Mallya is desperate to raise money and Manglore chem is in line.

    Reply
  • Gandhe srinivas July 20, 2012, 20:58

    Dear sir

    What are your vies on Dr reddy’s stuck@ 1712

    Reply
    • Nooresh July 21, 2012, 19:34

      Keep strict stoplosses if hit exit.

      Reply

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