Technical Analysis of Indian Equities by Nooresh

Indoco Remedies – Big Triangle breakout

Indoco Remedies


Indoco Remedies ---- A nice breakout on short term charts above 66-69.

In the near term it can test the tops of 75.

A longer term breakout seems to be on cards above 75 which can even take it to 100.

Good volumes over the last 3 days.

Given the huge rise in pharma stocks this can be an interesting buy on dips.



Disclosure: Recommended to clients at 67-68.5 with targets of 75-80 yesterday.

Article by Nooresh Merani

Nooresh has written 2800 articles.

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