Technical Analysis of Indian Equities by Nooresh

Rallis India – Re-iterate Medium Term Buy

Rallis India

 

 

Have been mentioning about Rallis India in my interactions as a favorite for a medium to long term investment in the agri segment. A big triangle and channel breakout got confirmed above 150-155 which gives us a possibility of a good move in coming months.

Todays move its again testing the resistance at 173-175 which we expect to breakout in coming days and head up to 185-190.

 

Over all the medium term target remains beyond 250. Re-iterate a buy on dips.

TECHNICAL ANALYSIS – ONLINE TRAINING planned for mid December.

Participants just need a broadband connection and speakers.

Interested people can mail us on nooreshtech@analyseindia.com or For more details call Ankit 09899899989 Nooresh 09819225396

 

Book Recommendation

 

The Fountainhead – Ayn Rand – One of the must read books. Can keep on reading it again and again.

 

 

 

Nooresh Merani

www.analyseindia.com

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nooreshtech@analyseindia.com

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{ 1 comment… add one }
  • Ravi Shankar Davay November 30, 2013, 21:02

    Hi, any followup on Rallis India? I bought around 183 levels during close and is it worth waiting for another week?

    Reply

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