Technical Analysis of Indian Equities by Nooresh

Jaiprakash Associates, City Union Bank, Sintex Inds, Ptc India Financial Services, Ptc India – Interesting Technical Setups

Jaiprakash Associates --- Initiated a buy 83-84 with a stoploss of 80 and a target of 92-95 in short term and 105 in medium term.




Sintex Inds --- This is one of the favorites with a long term view. Have a buy in our model portfolio at 80 levels with long term view. In the short term it seems like a breakout and one can buy with a stoploss if closes below 83-84 and a move to 91-100 in short term. 




City Union Bank --- The stock has been in band of 40-50 for a very long time now. Watchout for a move beyond 50 to see a huge move with a small pause at 53-55.




PTC India Financial Services --- The stock is on radar of shrewd investors and has been on our trading radar at 11 and 14-15. Recently added more positions at 15-16. Sustained closing above 17 will give a quick move to 20.




PTC India ---- The stock is on verge of a huge trend change though reversal signals came earlier. Huge price and volume breakout with positive news one can expect the stock to head up to 80-100 in the long term. Buy on dips. recently initiated a buy around 60.







Happy Investing,


Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2807 articles.

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{ 4 comments… add one }
  • Brij April 3, 2012, 12:43

    Even I was watching City Union for quite a long time, bought Today morning after your reco, Lets see how it moves. Great calls


  • Dhiraj Mark April 9, 2012, 13:58

    Hello Nooresh, how are you doing? Any thing to panic on PTC and JP Associates, off late they are coming down on daily basis… does it remain a hold or sell off…

    Dhiraj Mark

    • Nooresh April 10, 2012, 00:37

      PTC remains a good bet and one can add around 58-60 levels in dips. We booked out in our trading calls.

      Jaiprakash Associates gave a good breakout will keep a stoploss of 80 on closing basis.

  • Amit April 9, 2012, 14:29

    Sir, any views on GIC housing finance.. i think its making descending triangle formation which will break out above 92 on closing basis..


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