Technical Analysis of Indian Equities by Nooresh

Technical Trades – West Coast Papers Mills.

In our recent report Technical Trades – January had recommended West Coast Paper Mills at 49-51. The stock is now close to touching the 60-65 target. This was also recommended as a bet in big value.

 

This is the chart as sent in the report.

 

West Coast Paper

 

This is the chart as of today.

 

West Coast Papers on Target

 

The volumes before the breakout were a very good indication. Although the stock has done the 20-25% move but can be looking at a longer term target of 90. Dips to 53-56 a buy now.

 

Now above was a hit. Below is a chart of a miss

 

Reliance Infra

 

In Reliance Infra although the trade was to go on a move above 445. We advised an entry at 425-435 with a small stoploss.

The stock did not move well but is still on radar on a breakout above 445.

 

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 2613 articles.

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