Technical Analysis of Indian Equities by Nooresh

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ONGC – Long Term Technical Investment Pick

ONGC Log

 

-> ONGC was a favorite in our Indian Elections report where we discussed how Oil and Gas stocks could lead the move.

-> The current dip can be used to accumulate with a view of very long term.

-> This is a large cap pick but if you have better options in midcaps can give it a skip.

-> Traders can look for a bounce back from 380-400.

-> not keeping a price target

 

Some thoughts :

Going into budget traders can relax and investors should continue to be focused on particular stocks. Keep searching for low risk investment picks and watchout for dips if any.

 

Continue to maintain the view to increase equity as a % of networth . This is what will decide your returns. Also as your portfolio size increases you become more serious and work hard. If you are in for a thrill there are better places than equities πŸ˜‰

 

Given that we have a lot of focus on our Advisory Services and also covering a lot of stocks in Big Value it will be difficult to share a lot of midcap/smallcap ideas going forward. Will try to post some ideas going ahead. The focus will remain on large caps and trading ideas to be shared on the blog.

 

Also planning to write a lot of articles on technical analysis, trader psychology,investor psychology. If you have an interesting article to be shared do mail me on nooreshtech@analyseindia.com or any other topics which i should cover.

 

We had a good seminar this Sunday in Mumbai. Thank all the participants for sharing their views and add more to our learning.

 

We are planning a similar seminar in Bangalore and Delhi. If you are interested do mail us on analyseindia@analyseindia.com . Will keep you posted. Also if any volunteers πŸ™‚

 

TECHNICAL ANALYSIS TRAINING MUMBAI – August 2-3

For more details mail analyseindia@analyseindia.com or call Ankit 09899899989 or Nooresh 09819225396

 

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 2745 articles.

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