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

Monday 30 December 2013

Technical view by Nooresh on Sensex/Stocks/Commodities

Transport Corporation of India – Quick 15-18 % move done.

Posted: 29 Dec 2013 11:02 PM PST

One of the important things to look into midcaps/smallcaps is the change in volumes with prices.

The above chart is an example of how a smarter entry can be initiated purely on volumes.

On 20-12-2013 we saw a good volume tick on this counter

This is the message sent to clients.

IM Dec 20, 2013 11:24:09 AM

11:03:39 AM

nooresh merani: Buy hEXAWARE at 125-126 stoploss 122 targets 133-135

11:24:09 AM

nooresh.merani: Buy Transport Corporation at 65-65.5 add around 61-62 with a stoploss of 58 for a delivery target of 75-85

We could not add on dips as it did not correct. The strategy to add on dips is as midcap stocks tend to be a bit more volatile and sometimes give you opportunities to add. So generally we take a major position at cmp and if at all it dips increase further.

Today the stock is up 10-12% and with very large volumes.

Although the stock can go further but we are happy with a quick 15-18% move in 10 days. Booking out at 75-76.

nooresh merani (30-12-2013 12:08:16 PM): Book full profit TCI at 75-76

We continue to be focussed on a lot of midcaps/smallcaps in the last few weeks. Will post some more trades advised in coming days.

Meanwhile last friday Everest Inds recommended jumped up 15%

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Transport Corporation of India – Quick 15-18 % move done. is a post from: Technical view by Nooresh

Cox and Kings – Interesting bottoming out chart.

Posted: 29 Dec 2013 10:34 PM PST

This is a pure technical view as its difficult to take a call on the sector with a lot of unknowns and risks ( what if a terror attack takes place, Forex risks etc ) . So in such a case it is important to time the entry early. IT might be a very good play on consumer story and so on.

Cox and Kings Technical View

-> The first most interesting thing is the significant rise in volumes over the last 3 months in comparison to the whole of last year.

-> Multiple bottoms were made around 85-90 zones.

-> Stock broke out above 103-105 with very strong volumes and has given a strong reversal signal.

-> Seems a major bottom is in place and can head towards 140 or higher in medium term.

-> The strategy should be to accumulate at 105-112 with a stoploss below 95-99 a little deeper one.

Disclosure: The stock was recommended to QuickGains / Big Value clients at 103-105 with a view of partial booking at 113-115.