Technical Analysis of Indian Equities by Nooresh

Aditya Birla Nuvo – Long Term Range Breakout



Aditya Birla Nuvo – A stock which remains a top portfolio pick for next 1-3 years and have been strongly advising an accumulate between 850-750.

The stock had been in a range of 700-1000 for last 3 years. Finally the stock has broken out and gives a medium term target price of 1300-1500 and in next 3 years can even be back to 2008 highs.

Now the buying area would be 1070 or lower.

You may read this older post on SOTP valuation of the company which i believe has gone higher by another 20-30% over the last 1 year



BANGALORE – January 12-13.


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Article by Nooresh Merani

Nooresh has written 2774 articles.

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{ 4 comments… add one }
  • Anup December 26, 2012, 14:09

    Hi Nooresh,

    Eternal thanks for your timely guidance to small investors like me. Had taken a small position in this counter @750. Since then it has really given stupendous returns. I will need your suggestion as to somehow, it always becomes a psychological barrier to add a scrip at higher price when you have already bought it at a significantly lower price? How to handle this dilemma?

    • Nooresh December 26, 2012, 15:35

      Hi Anup,

      Look at the future. If you believe the stock price has lesser risk and more upside from even current levels than can add. I feel Ab Nuvo the best is yet to be seen.

  • Anandha December 27, 2012, 20:16

    Sir ji,
    Could you please analyze and post the analysis on Bajaj Financial Services ?


    • Nooresh December 28, 2012, 13:55

      Not tracking the stock closely


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