Technical view by Nooresh on Sensex/Stocks/Commodities |
- Technical Charts of Stocks on Radar – City Union Bank, Jyoti Structures, Manali Petro and Rico Auto.
- VIP Inds target 70/75,Breakout with Volumes
- Colgate – Triangle Breakout. Headed to 1400/1500
| Technical Charts of Stocks on Radar – City Union Bank, Jyoti Structures, Manali Petro and Rico Auto. Posted: 23 Dec 2013 10:13 AM PST In the post below am just posting a few stocks which are on radar for a breakout/trade opening or just for academic reasons
Trades can keep the following stocks on radar.
City Union Bank saw a good volume tick today and see further momentum above 51-52.
Jyoti Structures can see momentum above 28-28.5. What is interesting is the strong volumes over the past few months. Can this be a turnaround stock and a doubler is the question ? Views Invited.
Manali Petro – A nice trendline breakout seen in short term. Have not been able to read much on the stock but this did come up in my dividend filter for screening stocks. At 5-6% yield looks pretty interesting and yesterday saw a good volume and price tick.
Rico Auto – Interesting small cap auto ancillary company. Can be a major turnaround also. There was a time it quoted at 90 bucks in 2006. Good Volumes seen in last 3 sessions.
TECHNICAL ANALYSIS TRAINING MUMBAI – January 11-12
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Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Technical Charts of Stocks on Radar – City Union Bank, Jyoti Structures, Manali Petro and Rico Auto. is a post from: Technical view by Nooresh |
| VIP Inds target 70/75,Breakout with Volumes Posted: 23 Dec 2013 09:26 AM PST
VIP INDS –
The stock was on radar over the past few weeks with it testing 61-62 a couple of times. Finally the stock gave a triangle breakout today with very huge volumes. Can expect a target price of 70-74 in short term. Medium Term can even be looking towards 90 +
Disclosure: Recommended at 62 to clients today.
Book Recommendation
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech VIP Inds target 70/75,Breakout with Volumes is a post from: Technical view by Nooresh |
| Colgate – Triangle Breakout. Headed to 1400/1500 Posted: 22 Dec 2013 10:28 PM PST
Colgate
This is an interesting chart formation on a defensive FMCG stock.
The stock made multiple attempts at both ends of the triangle. On expected lines it has broken out above 1300-1310.
Could be a good short to medium term pick with 1300-1320 being a buy zone and stoploss at 1250-1270. Upside target at 1400-1500.
Disclosure: Recommended strongly to clients at
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Colgate – Triangle Breakout. Headed to 1400/1500 is a post from: Technical view by Nooresh |
. At times some of the trades may get missed also because of already open positions. 
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