Technical Analysis of Indian Equities by Nooresh

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Technical Charts of Stocks on Radar – City Union Bank, Jyoti Structures, Manali Petro and Rico Auto.

In the post below am just posting a few stocks which are on radar for a breakout/trade opening or just for academic reasons πŸ™‚ . At times some of the trades may get missed also because of already open positions.

 

Trades can keep the following stocks on radar.

 

City Union Bank

 

City Union Bank saw a good volume tick today and see further momentum above 51-52.

 

Jyoti Structures

 

Jyoti Structures can see momentum above 28-28.5.

What is interesting is the strong volumes over the past few months.

Can this be a turnaround stock and a doubler is the question ? Views Invited.

 

Manali Petro

 

Manali Petro – A nice trendline breakout seen in short term.

Have not been able to read much on the stock but this did come up in my dividend filter for screening stocks.

At 5-6% yield looks pretty interesting and yesterday saw a good volume and price tick.

 

Rico Auto

 

Rico Auto – Interesting small cap auto ancillary company. Can be a major turnaround also. There was a time it quoted at 90 bucks in 2006.

Good Volumes seen in last 3 sessions.

 

TECHNICAL ANALYSIS TRAINING MUMBAI – January 11-12

 

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

 

Book Recommendation

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

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nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2613 articles.

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{ 1 comment… add one }
  • Kajal December 24, 2013, 17:09

    Hello Nooresh,

    I am a regular reader of your blogs. Please can you let me know what is your target for Manali Petro ? I am holding this stock for last few years and wish to average it out. Also many stocks are coming out of PCAS jail and i see retail participation in weeks to come ahead. Also can you please let me know about IOB and PSU banks ?
    I also see that now days you have started coming up with various mid cap ideas which indicates good time ahead in market with stock specific moves.

    Thanks

    Reply

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