Technical Analysis of Indian Equities by Nooresh

Zee – Next momentum move on Cards

 

The stock was earlier covered at 135-140 levels when it gave a cup and handle breakout on daily charts.

 

It has slowly moved to 200 since then.

 

Now on the daily charts can see a sharp move above 208-210 levels to 225-240.

Accumulate the stock with 190 stoploss.

 

 

zee-daily

 

A nice flag breakout on daily charts.

 

zee - weekly 

 

Monthly charts are on a long term breakout looking towards 350 over the next 1 year or more.

A good bet for investors. Keep accumulating on dips.

 

Disclosure: Recommended at current levels as well as before.

 

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Article by Nooresh Merani

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{ 5 comments… add one }
  • manish November 29, 2012, 19:38

    Its not cup handle…its inverted head shoulder pattern

    Reply
    • Nooresh December 1, 2012, 15:54

      Manish

      Havent posted the cup and handle chart. Look at this previous post. Even if you consider the left side as shoulder the target price projections will remain the same.

      Reply
  • Arvind December 1, 2012, 12:04

    Sir,
    what is your view on REC ,waiting for your reply.

    Reply
    • Nooresh December 1, 2012, 15:52

      Waiting for it to close above 235-240 levels. Trend still is positive

      Reply
  • bhanu December 1, 2012, 19:20

    Dear Nooresh,

    Any view on India Bulls Realstate, NCC , Brigade for a year or so?
    Alos, Sterlite Inds please.
    thanks
    Bhanu

    Reply

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