Technical Analysis of Indian Equities by Nooresh

Agri-Related Stocks on Radar – Bharat Rasayan, Dhanuka Agritech, Jain irrigation, PI Inds,Rallis Limited, UPL.

There might be some more agri-related stocks in the segment but these are the few which are seeing a lot of price volumes action.

Also many of them around or at All time Highs.

We have covered some of these stocks in our earlier reports in March for Technical Traders Club

Disclosure - Dhanuka, Jain Irrigation and Rallis India has been recommended in Technical Traders Club and the author has holdings in Bharat Rasayan. Please read the disclaimer and disclsoures and do your own research and risk management.

Bharat Rasayan Limited - A very illiquid stock but interesting numbers. Suddenly has seen a jump in volumes post results and prices have broken out into all time highs after a year or so.

Bharat Rasayan

Dhanuka Agritech - Just around the all time highs and a little spurt in volumes.

Dhanuka Agri Blog

Jain Irrigation - Recently mentioned a week back about the breakout above 80 which is now confirmed. Strong volume action. Can it be a major trend change for the stock ?

Jain irrigation blog c

PI Industries - After a year long consolidation and a breakout into all time highs its consolidating at higher levels. Can momentum continue ?

PI Inds blog

 

UPL Limited - There was not much interested when it was at 450 around March and now has shot up into all time highs. Can the momentum continue or a little pause and then a bigger move ?

UPL

Rallis India - A major laggard in the space for many years. Good price volumes action seen recently.

Rallis India

 

Nooresh Merani

Securities covered above::  Bharat Rasayan, Dhanuka Agritech, Jain irrigation, PI Inds,Rallis Limited, UPL.

SEBI Registration disclosure – Investment Adviser ( INA000002991)

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

Article by Nooresh Merani

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