Technical Analysis of Indian Equities by Nooresh

Avanti Feeds, Waterbase – Something Fishy ?

Both the companies are from Aquaculture business and have done really well in last few years.  

This recent article in Business Today gives you how confident the management is -

Trawling for Opportunities

But on the Technical front both the stocks are around breakout levels.

Do note its a biased view as both the stocks are recommended as a trading idea in Technical Traders Club . Do your own research.

Below are the charts

Avanti Feeds Blog

Technical View on Avanti Feeds

  • Multiple bottoms made at 1500 in last 6-8 monthss.
  • Multiplele tops around 1800 mark.
  • Good volumes in last couple of days and good price action today.
  • A breakout beyond 1800 could create good momentum.
  • Range of 300 points.

Waterbase Bloog

Technical View on Waterbase

  • Triangle formation with a good base made at 45-50.
  • After a massive run the stock has consolidated for 8-10 months now.
  • Breakout seen above 60-663 levels.
  • Triangle size is 15-20 points. .
  • Volumes are yet to come up significantly.

Standard Disclosure - I would always have personal vested financial interests apart from client exposures on all stocks discussed on the blog. So do your own research and risk management.

The Investing Lab Workshop - Full details here - http://www.nooreshtech.co.in/2015/07/the-investing-lab-bridging-theory-practice-mumbai-25-26th-july.html

Date:
25th  andd 26th July 2015

Timings:
9 am to 6 pm

Venue :

Hotel Karl Residency

36, Lallubhai Park Road, Andheri (W), Mumbai – 400 058. Maharastra, India.

Fees:
Rs 18000

Book Your Seat
https://www.instamojo.com/ProfPuneet009/the-investing-lab-mumbai-25th-and-26th-july-/

Nooresh Merani

Securities covered above:: Avanti Feeds and Waterbase.

SEBI Registration disclosure – Investment Adviser

Financial Interest:

Nooresh Merani and his family/associates/ analysts do have exposure in the securities mentioned in the above report/article.

Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

Also read the detailed disclaimer – http://www.nooreshtech.co.in/disclaimer

Article by Nooresh Merani

Nooresh has written 2740 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment