Technical view by Nooresh

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• DLF –Near Major Channel Support. Ambuja Cements to drop sharply tomorrow – Minority shareholders given a raw deal ?
• Wockhardt collapses 16% in a day and 70% from Peak. Further dips a buying zone at 650-550
• Reliance Capital – Range Breakout target 430/460

DLF –Near Major Channel Support. Ambuja Cements to drop sharply tomorrow – Minority shareholders given a raw deal ? Posted: 24 Jul 2013 10:30 AM PDT     Over the last 1-2 years the stock has been oscillating between 160-170 on the lower end and 250-300 on the upside in a big channel. Above is a weekly chart for the stock.   There have been 4 attempts at both the end of the channel. Right now the stock is finding support [...] Related posts: Interesting Technical Chart— Aarti Inds, Ambuja Cements , GoodYear India Takeover Code – A major concern in Indian Markets HDFC Limited and Ambuja Cements — Positive Setups.

Wockhardt collapses 16% in a day and 70% from Peak. Further dips a buying zone at 650-550 Posted: 24 Jul 2013 12:21 AM PDT In the last couple of years the biggest gainer was Wockhardt moving from 300-500 zones to 2000-2200. Mind you in 2008 it was one of the biggest pharma losers falling from 450 to 70 rs.   In the start of 2013 we saw a slew of reports on the stock at 1200-2200 levels Some targets [...] Related posts: Financial Technologies collapses 10-15% . Bharti Airtel moving towards target The 80-95 % correction from PEAK !! Raymond – Major Monthly Breakout – Accumulate for upside target 550 in long term.

Reliance Capital – Range Breakout target 430/460 Posted: 23 Jul 2013 08:53 PM PDT   Reliance Capital   There are around 3-5 attempts at the 390-395 mark in the last 6 months. The last couple of times the stock saw a violent fall to 310-320 where it almost looks like a double bottom.   Sustaining 395 opens up a move to 430/460 in the short term and maybe higher [...] Related posts: Reliance Inds – Re-test of Breakout Jaiprakash Associates – Major long term channel breakout gives a target of 120. PTC India – Major Technical Breakout. Accumulate for a target of 90-95 in short to medium term.

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