Technical Analysis of Indian Equities by Nooresh

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Gulf Oil Corporation – Momentum Trade

By In Momentum Trade Last Updated On: 24/03/ 2014
Gulf Oil

 

Gulf Oil Corporation Technical View

 

-> The stock was earlier recommended as a trade at 85-95 levels also.

-> Triangle breakout seen today with very strong volumes.

-> Before this the stock gave a breakout above 85-95 and did a quick move to 110.

-> For last 3 months the stock has been consolidating in a triangle.

-> Todays breakout should ideally take it to 120-130 quickly and even to 150-160 in medium term.

-> A technical stoploss would be at 98 and buying at 103-106.

 

Disclosure: Recommended at 103-105 to clients.

 

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2801 articles.

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{ 3 comments… add one }
  • ashish March 25, 2014, 23:40

    Nooresh,

    Is the TRF call still valid as the stock came down a bit.. can we expect it to reach 200 levels in long term?

    Reply
  • rameez March 26, 2014, 08:17

    ok sir.

    Reply
    • ashish March 31, 2014, 04:26

      Rameezji,

      What do you mean by OK? Is that yes or no

      Reply

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Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.
Founder - Analyse India.
Also consults for an institutional broking firm.

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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Writing actively on this blog for 8-10 years now

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