Technical Analysis of Indian Equities by Nooresh

Breakout candidates for short term :Polyplex Corporation , Guj Apollo Equipments, Colgate. Gammon Infra breakout

Colgate :

The stock is generally a laggard but a breakout above 740-745 could see a smart move.

Watchout for volume confirmation to trigger trade.


Guj Apoll Equipments:

Fundamentally an excellent stock and a must have for 1-2 yrs view to be bought in market declines.

Technically a move above 235 could take the stock to 250-265 in extreme short term.


Polyplex Corporation :

Another excellent company but low volumes are a concern.

Good to buy at current levels with medium term view tgt 300. Will test patience.


Article by Nooresh Merani

Nooresh has written 2801 articles.

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{ 2 comments… add one }
  • HIREN MODI April 23, 2010, 05:13

    hi, nooresh
    guj. appl. indead a strng fundalmnt co. Kamal nath would release new road order,he is acting fast, guj app would be indirectly benificary. watch for SUDAL inds is it on a break out? nice to hav talk with u the other day.

    • nooresh April 23, 2010, 05:26

      Hi Hiren ,

      Yes it was good talking the other day.

      Guj Apollo a techno-funda pick.

      Sudal no idea




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