Technical Analysis of Indian Equities by Nooresh

Dow Jones – Nearing Support zones.

Dow

DOW JONES --- Support at 12950-13000 recent lows and
next at 12800. Can get a bounce to 13300 soon in quick
time

 

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Article by Nooresh Merani

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{ 4 comments… add one }
  • meghraj mane October 26, 2012, 13:01

    what happened to MPHASIS why it is going down after break out and close above 420 what to do with jayshree tea

    Reply
    • Nooresh October 27, 2012, 18:27

      Hi Meghraj,

      Have been surprised by no follow on to the breakout on Mphasis. We added at 395 and reduced our position in that rise to 405-410 and have finally exitted the stock at 390 taking a stoploss hit. Got it wrong and when you get it wrong better to book losses and deploy the money elsewhere.

      Jayshree tea if closes below 88 levels can exit for now.

      Reply
  • shree October 27, 2012, 17:18

    Thanks for the post. Can you please post few USA stocks also.

    Reply
    • Nooresh October 27, 2012, 18:25

      will try to post US stocks also soon

      Reply

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