Technical Analysis of Indian Equities by Nooresh

TRF – A long term turnaround technically.

TRF

 

TRF technical View

 

-> This is a stock we have been tracking for a past few months as a turnaround case technically.

-> After a couple of whipsaws the stock finally seems to have broken out above the 145-148 important resistance.

-> A longer term target could be way higher but short term can expect 165-175 and 200.

-> Good volumes for last many months shows strong accumulation.

-> Stoploss would be a little deep at 135 but accumulate at 145-153.

 

Disclosure: Recommended long to clients at 145-147 today.

 

Meanwhile godrej properties recommended at 155-165 has moved up to 185 can book partial profits.

 

TECHNICAL ANALYSIS TRAINING SESSION MUMBAI on MARCH 29-30

 

For more details mail to analyseindia@analyseindia.com or 09819225396

 

 

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

Cell – 09819225396

Article by Nooresh Merani

Nooresh has written 2609 articles.

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