Technical Analysis of Indian Equities by Nooresh

ABB – Flag Breakout. Rallis India – Strong Medium Term Pick



ABB – A nice flag breakout can do a quick move to 600-640. Stops at 545-550.


Disclosure: Recommended to clients on friday at 555-560.


Rallis India




The stock is breaking out of a 3 year pattern and can now notch new 3 year highs. Investors can accumulate the stock on all declines.



In the last 2-3 months the investment focus has been on Agri stocks. We recently booked out of VST Tillers and shifted totally to Rallis India.

The stock has also been recommended as a short term pick at 155 odd levels.

Article by Nooresh Merani

Nooresh has written 2807 articles.

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{ 2 comments… add one }
  • Rakesh October 23, 2013, 15:30


    Great call on ABB touched 630. Is the trend still up? Do you expect 680 levels soon?


    • Nooresh October 23, 2013, 19:39

      Time to book profits


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