Technical Analysis of Indian Equities by Nooresh

Cox and Kings – Interesting bottoming out chart.

This is a pure technical view as its difficult to take a call on the sector with a lot of unknowns and risks ( what if a terror attack takes place, Forex risks etc ) . So in such a case it is important to time the entry early. IT might be a very good play on consumer story and so on.

 

Cox and Kings

 

Cox and Kings Technical View

 

-> The first most interesting thing is the significant rise in volumes over the last 3 months in comparison to the whole of last year.

-> Multiple bottoms were made around 85-90 zones.

-> Stock broke out above 103-105 with very strong volumes and has given a strong reversal signal.

-> Seems a major bottom is in place and can head towards 140 or higher in medium term.

-> The strategy should be to accumulate at 105-112 with a stoploss below 95-99 a little deeper one.

 

Disclosure:  The stock was recommended to QuickGains / Big Value clients at 103-105 with a view of partial booking at 113-115.

 

 

Some of our services for monthly/quarterly can be bought from this link . For more of our services you can have a look at www.analyseindia.com

 

TECHNICAL ANALYSIS TRAINING MUMBAI – January 11-12

For more details mail to nooreshtech@analyseindia.com or call 09819225396 Nooresh ( after market hours )

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

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Article by Nooresh Merani

Nooresh has written 2627 articles.

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