Technical Analysis of Indian Equities by Nooresh

Godrej Properties – Top pick in Real Estate

Godrej Properties Big Value

 

  • -> This is the chart as sent to Big Value service clients as well as a short term call initiated.
  • -> There are only 3-4 companies in real estate with good governance – Ashiana Housing, Mahindra Life, Godrej Properties.
  • -> The stock was earlier recommended at 160-170 levels.
  • -> Although the stock has jumped up today but its a fresh triangle breakout above 240. One can look to buy in parts with a long term view. Upside target 300/350 and even 450.
  • -> Good management and governance reduces the downside risk. Buying on technical breakout increases potential upside in faster time.

TECHNICAL ANALYSIS TRAINING SESSION MUMBAI

13-14 th September 2014

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2751 articles.

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