Technical Analysis of Indian Equities by Nooresh

Technical Charts – Jyoti Structures, ADSL and Smartlink Network Systems


Just posting a few charts on small cap names which can be high rish high returns. There are many more such charts but difficult to update.


Disclsoure: Have investments in the stocks discussed below as well as advised to clients. Please do your own research as smallcaps can be risky if not taken with strict stops and risk management.




Smartlink – One stock which have been holding for almost a year now with no major returns but continue to hold it with the cash on books on the stock. Finally seems it might breakout above 55. Can do a quick move to 65




ADSL – It was once on the radars of every broking house at 250. After the governance issue and lots of scam etc it has collapsed. Right now looking at a pure technical view and a gamble on the stock.





Jyoti Structures – Another high risk high return play but breakout is confirmed with higher volumes.

Article by Nooresh Merani

Nooresh has written 2801 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 2 comments… add one }
  • ayesha July 6, 2012, 21:54

    Saw you on MC. very glad you have recommended this stock. I am holding from 50 levels and had added some at 40.
    Sir do you still think this is a high risk high return or can it be termed as safe bet for 55 levels in mid term and if govt policies are good then can it be a multibagger?



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.