Technical Analysis of Indian Equities by Nooresh

Stocks on Radar – Welspun Corp, Phoenix Mills, Manapurram Finance & Bharat Bijlee

Quick Update on a Previous Post.

A good breakout seen in FMCG Sector as covered in this post - http://www.nooreshtech.co.in/2017/04/sector-in-focus-fmcg-hindustan-unilever-godrej-consumer-britannia-marico-itc-limited.html 

Now Marico seems to be on the breakout above 325

 

Welspun Corp

Lots of tops at 90-95 in the last 1 year and good volumes too.

Also promoters have been buyers recently at 82-83 levels.

Welcorp

 

Welspun Corp

Phoenix Mills - Can it cross the resistances at 440.

Phoenix Mills

Disclosure - Stock has been recommended in Technical Traders Club at 83-86

Manapurram Finance

After multiple tops at 105 the stock has seen good support at 80-85. Crossing 95 will be a good signal for a trend change.

Manapurram Blog

Bharat Bijlee -

The stock has given a breakout from a classical cup and handle formation with good volumes today. Can it rally in near term ?

Disclosure - Recommended in Technical Traders Club 

BBL Blog

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  • A  bit of technical analysis for better timing or catching the trend early or in momentum for picking up good companies at good prices.
  • The normal allocation to one stock would be 2% to start with. So ideally we should have 50 stocks. But in many cases we will allocate more to some stock with max limit of 10-12% to one stock and around will generally be diversifed to a minimum of 20-25 stocks or more.
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  • Short Term Trading Calls
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Technical Analysis Training Hyderabad

Date:
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Timings:
9 am to 6 pm

Venue :

Door No. 8-2-120/C/198/192, Road Number 2

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Hyderabad, Telangana

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Tel: +91 40 4031 9696

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Fees

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Nooresh Merani

Securities covered above:: Welspun Corp, Phoenix Mills, Manapurram Finance & Bharat Bijlee

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. Author has holdings in Manapurram.

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

Nooresh has written 2623 articles.

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