Monday 31 December 2012

Technical view by Nooresh

Technical view by Nooresh

Smartlink Network Systems – Breakout with huge volumes.

Posted: 31 Dec 2012 05:56 AM PST

SmartlinkNetworkSystems thumb Smartlink Network Systems – Breakout with huge volumes.

 

Smartlink Network Systems ( A cash bargain which we have been liking as a safe and defensive bet for a year or more now ) read this earlier article – http://www.nooreshtech.co.in/2011/11/smartlink-network-systems-cash-on-books-300-360-crores-market-cap-130-140-crores-a-good-investment-pick.html

 

The stock saw a huge volume tick today after a long time with price breaking out above 55-57 resistance.

 

The promoter has been increasing stake consistently and now stands at 73.4%. Good dividend policy and huge cash on book gives a lot of comfort to add on to the stock with a long term view.

 

Disclosure: Remains a core portfolio pick since 42/45/48 and was added today at 55-57 levels.

 

TECHNICAL ANALYSIS TRAINING SESSIONS planned for Delhi/Bangalore and Mumbai in month of January and Mid Feb.

Do register yourselves as we dont take more than 10-14 participants in one session.

For more details call Nooresh 09819225396 or ankit 09899899989

Related posts:

  1. Technical Charts – Jyoti Structures, ADSL and Smartlink Network Systems
  2. Smartlink Network Systems —- Cash on Books 300-360 crores – Market Cap 130-140 crores- A good investment pick.
  3. Smartlink to launch `5,000 tablet PC

NMDC – A buy for a target of 177-180.

Posted: 30 Dec 2012 08:51 PM PST

NMDC thumb NMDC – A buy for a target of 177 180.

 

NMDC — A buy at current levels and any dips to to 164-165.
Only government FPO to be trading comfortably higher wit
volumes. Small breakout seen. Looking for a target of 177-180 quickly

 

It could be a small inverted head and shoulders breakout above 165 giving a quick move. A longer term trend change can be seen only above 190. So its a quick trade with a small stoploss of 161.

 

Dislosure : recommended at 164 as btst ( maybe NAV pull up too )

 

Also have written another article on a stock we like for medium term – 

United Phosphorus: Confirming a triple bottom

 

 

TECHNICAL ANALYSIS TRAINING SESSIONS planned for Delhi/Bangalore and Mumbai in month of January and Mid Feb.

 

Do register yourselves as we dont take more than 10-14 participants in one session.

For more details call Nooresh 09819225396 or ankit 09899899989

Related posts:

  1. PTC India – Major Technical Breakout. Accumulate for a target of 90-95 in short to medium term.
  2. Jaiprakash Associates – Major long term channel breakout gives a target of 120.
  3. Ansal Properties and Infra – Interestingly placed for a move to 40/50. Buy

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