.: Technical view by Nooresh on Sensex/Stocks/Commodities

Thursday, 26 December 2013

Technical view by Nooresh on Sensex/Stocks/Commodities

Karnataka Bank – A momentum trade for 120-125

Posted: 26 Dec 2013 09:35 AM PST

Karnataka Bank has given a triangle breakout with volumes today.

Although a it can even rally up to 140-150 in momentum but one can look towards a quick move to 120-125 given the volatility of the stock.

Stoploss around 107.

TECHNICAL ANALYSIS TRAINING MUMBAI – January 11-12

For more details mail to nooreshtech@analyseindia.com or call 09819225396 Nooresh ( after market hours )

Book Recommendation

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

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

nooreshtech@analyseindia.com

Karnataka Bank – A momentum trade for 120-125 is a post from: Technical view by Nooresh

Two Investment Picks – Everest Inds and Hyderabad Inds.

Posted: 25 Dec 2013 08:40 PM PST

Although all our investment calls are given only to clients, making this as an exception for a couple of stocks which we believe can be good performers in the coming year.

Both the stocks are from the same sector and we believe the worst would be over in the coming quarter or after it. These two stocks were in favor with a lot of sell side analysts a year back and have since fallen a nice 30% from those prices.

Good managements and superb dividend payouts make it all the more interesting. Also technically the signs of bottoming out are pretty clear. Many more fundamental reasons to buy the two companies but lets just look at the technical charts below.

Everest Inds is consolidating around 120-150 with multiple bottoms around 125-130. Investors can accumulate at 130-140 and on any sharp crack to 120-110 in case of bad results this quarter.