Technical Analysis of Indian Equities by Nooresh

Suprajit Engineering Limited – Long Term Techno Funda Buy – Target Price 40

SuprajitEngg

 

-> Suprajit Engineering is one of the best bets in the Auto Ancillary space and has given a 5-6 year cup and handle breakout which would ideally give a target price of 55 in long term but being conservative can expect 40 + in medium term.

 

-> Short term breakout also seen which gives us a target price of 35.

 

Disclosure: Recommended to clients at 30.5-31 today.

 

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{ 2 comments… add one }
  • natarajan t r January 5, 2013, 16:23

    In three days after ur comment , it crossed 35 and reached 36/37. how quickly 40 can be seen?

    Reply
    • Nooresh January 5, 2013, 17:35

      Well 40 was a long term target but a short term target of 35-37 is done. Have advised booking profits in the breakout trade to clients.

      Reply

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