Technical Analysis of Indian Equities by Nooresh

≑

Aditya Birla Nuvo and Cipla – Fresh Breakouts

Ab Nuvo -

 

Aditya Birla Nuvo -

 

This has been a long term favorite which has not done enough but given that your downsides are limited with this holding company its done well.

 

Its on verge of a short term breakout above 1450-1460 can expect a move to 1800 in medium term.

 

Disclosure: Recommended at 1430-1435 for short term as well as have a long term call on it and exposure.

 

Cipla

 

Cipla – This has gone into all time highs after making a 2-3 failed attempts in the past.

 

After a good consolidation the stock has given a breakout. Buy at current levels and add on dips with a target price of 550-600 in medium term.

 

 

Please note the above stocks can be really boring in terms of momentum. Meant only for people with patience and lower expectations or using leverage πŸ˜‰

 

Also would recommend the above stocks fundamentally with a view of 1-3-5 years. Think the stocks can be excellent low risk high reward bets.

 

TECHNICAL ANALYSIS TRAINING MUMBAI – AUGUST 2-3

For details about the program check http://www.nooreshtech.co.in/technical-analysis-training

To register yourself call us – Nooresh 09819225396 Ankit 9899899989  ( after market hours )

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

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

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2717 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 1 comment… add one }
  • kuldeep August 2, 2014, 19:26

    sir
    both CIPLA & ABNUVO are down ! is it an opportunity to add more ?
    cipla is around 440 & ABNUVO is around 1430

    Reply

Leave a Comment