Technical Analysis of Indian Equities by Nooresh

Momentum Breakouts – Clariant Chemicals and Zee Entertainment and Federal Bank on Radar

Clariant Chemicals

 

-> Clariant Chemicals has confirmed a breakout today with volumes and sustaining above the 950 mark.

-> Can be a medium term pick for upsides to 1300.

-> Stoploss closer to 880-900.

 

Disclosure : Like the stock fundamentally too and recommended to Technical Traders Club

 

 zee ent

 

-> Zee has given a lot of whipsaws and reversed from the 300-310 mark almost 4-5 times in past few months.

-> This breakout momentum if continues can take it to 350 in short term and 400 –450 + in medium to long term.

-> Looks interesting wth a medium term perspective.

 

Disclosure : Recommended at 298-303 in Technical Traders Club

 

 

A stock which is on radar for a breakout confirmation is Federal Bank

 

Federal Bank

 

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We are planning a training session in Mumbai on November 1-2. Interested people can mail nooreshtech@analyseindia.com or call Nooresh 09819225396 or Ankit 09899899989

 

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Article by Nooresh Merani

Nooresh has written 2717 articles.

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