Technical Analysis of Indian Equities by Nooresh

Technical Trades – Gayatri Projects

In our recent report Technical Trades – January had recommended Gayatri Projects at 62-64 with a target price of 75-80. The stock is now trading at 70 levels today.

Still looks interesting for a speculative trader with a stoploss of 63. We do expect a target of 80 in short term. Some part of the holding can be kept for long term. The stock has potential to be a multibagger if all goes well.

 

This is the chart as sent in the report.

 

gayatri projects

 

This is the chart post todays move.

 

Gayatri Projects breakout

 

There was a miss also like Prism Cements which did not work out. Luckily the stock traded around 28.5 on advised date and a small stoploss of 27.5 got triggered.

 

Prism Cements

 

For now the Technical Trades – January report is closed. But we may soon come out with another report in coming weeks.

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 2571 articles.

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