Technical Analysis of Indian Equities by Nooresh

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Ranbaxy Breakout – Sensex up / Reliance Down

By In Sensex Technical VIew Stock Charts Last Updated On: 26/08/ 2010

Ranbaxy:

 

The stock has given a breakout today. Buy on dips to 460-465 with a target price of 490 + in short term.

Ranbaxy

 

D S Kulkarni :

The stock is seeing encouraging volumes. A move above 78 on closing basis could give a trading move to 90.

DSK

 

RELIANCE INDS:

In the last 1 year we have seen a severe underperformance by Reliance Inds.

The stock has already given a breakdown but a move blow 960 on closing basis could take the stock down to 860 also.

So 960 would be the deciding factor in near term.

 

Reliance Inds

 

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Article by Nooresh Merani

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{ 4 comments… add one }
  • Raj August 19, 2010, 13:36

    Please can you advice on Gujarat Apollo at current level?

    Thanks.

    Reply
  • Neena August 19, 2010, 18:59

    Hello Nooresh,

    I solicit your advice on Noida toll bridge.Going forward do you see this stock as a good buy for short term.HOCL has started moving after a long halt.I am holding this stock at a much higher level .Should i average it now?Kindly advice.

    Regards,
    Neena.

    Reply
  • Luis da silva August 20, 2010, 09:36

    Hi, Nooresh,
    I would like to know what you feel about Mcnally Bharat . It is a fantastic engineering co in the material handling space. Is it a buy @280 ? I look forward to your valuable comments.
    Luis.

    Reply
  • nilesh August 20, 2010, 10:28

    Sir,
    What wld u advice on Jaicorp..as chart look intresting on weekly basis posied for breakout as volumes are also good..earlier too i asked for hindmotor at 22 level bt u said its risky stock n later u gave buy call for trg 40…plz reply

    Reply

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About NooreshTech

Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.
Founder - Analyse India.
Also consults for an institutional broking firm.

I have been blogging for the last 8-10 years with detailed, crisp and accurate views on Indian Stock Markets as well as global indices and commodities.

IT Engineer by qualification

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Writing actively on this blog for 8-10 years now

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