Technical Analysis of Indian Equities by Nooresh


Solar Explosives …. Just an example

This is just an example of how trading or investing in the short to medium term, the way i would like it to be simple and less risky ...


Minimum funda info :

Into manufacturing of explosives .. With a Good growth in mining a decent funda idea i think , though i dont deep analysis in this area.... Decent co at least ...

Promoter Holding 74.6 % , Mutual FUnds 9 % ( hdfc n NOTZ Stuck ET CIE SA a/c Aruna Fund) Dividend of 15% ..EPS of around 6-8 for coming year ...IPO priced at 190 so available below ...

Technically :

Investment buy betwen 180-186 stoploss 168 tgt 223 -254++ . Traders above 188 with volumes stoploss 178 tgt 223 -254 .

RIsk = 5% ..expected reward = 18-20% and 30% + on higher side with rest qty .

R/R = 1:4 So i need 4 such wrong trades to cut my 1 good trade πŸ™‚ ..The risk is lower if we enter on confirmation of our breakout analysis ..
This can do the target or hit the stoploss but u know what u are into and the idea is clear no emotions just plain business πŸ™‚

So this is just a very brief way of going about a particular investment or trade idea.

Regards ,



Article by Nooresh Merani

Nooresh has written 2808 articles.

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