Technical Analysis of Indian Equities by Nooresh

Gulf Oil Corporation – Momentum Trade

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

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Article by Nooresh Merani

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


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

  • rameez March 26, 2014, 08:17

    ok sir.

    • ashish March 31, 2014, 04:26


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


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