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 – 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.



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

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


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