BEML --- After a huge fall on back of news the
stock has finally made a strong double bottom.
Sustaining the 315-320 mark can give a move
to 360-400 in short term.
Buy with a stoploss of 305.
Disclosure: Earlier long advised at 280 and now a fresh buy at 315
Regards,
Nooresh
October 3, 2012, 21:23
Hi Nooresh,
Most of your recent stock recommendations have been a good pick. Any view on ICICI Bank Ltd.? Don’t you think the stock is in a highly over-bought position and can reach somewhere near the 950-970 levels in the near future.
Awaiting your view.
Thanks!
October 6, 2012, 01:27
If it dips to 950 a buying area.
October 4, 2012, 00:16
Great call!!
October 17, 2012, 11:54
hi Nooresh,
Thought the stoploss has not hit yet. do you see an upside on this still?
-bhanu
October 18, 2012, 13:00
Yes will stick till stoploss is not taken out.
October 23, 2012, 15:28
Nooresh,
Stoploss hit but bouced back. should i exit ?
bhanu
October 25, 2012, 21:11
Exit for now
December 1, 2012, 11:27
looking for update on BEML. Down , beaten and now resurging . Even some good news in the form of new railway minister PK Bansal, Do you see revival?
December 1, 2012, 15:52
Hi pankaj,
Took a stoploss hit on this one. Expected it to bottom out but not happening. So for now will wait for a strong upside move to confirm a trend change. till then just wait and watch.
In 2 days, I learnt everything about Technical Analysis. I got much more than what I had invested. Excellent course - A must do for everybody in the stock markets
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Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.
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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.
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