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

Tuesday, 31 December 2013

Technical view by Nooresh on Sensex/Stocks/Commodities

Zicom Electronic Security Systems – Volume based Breakout. Interesting Security Company

Posted: 31 Dec 2013 12:46 AM PST

Zicom Electronic Security Systems is one of the most known brands in security systems in India. People who watch Big Boss might have seen the camera product boldy showing the Zicom brand.

One of the major concerns is the lower shareholding by promoters and not giving out a fat dividend when they sold two of its divisions to Schneider Electric.

But when we look at the stock technically the volumes have picked up over the last 3-4 months and a technical breakout seen yesterday and confirmed today with higher volumes.

Zicom Technical View

-> The triangle breakout indicates a move to 80-90 zones quickly before taking a pause.

-> Today the volumes are almost double as of yesterday by 2 pm.

-> Volume accumulation indicates that this breakout can head even beyond 90 also but we will take this as a trading pick and keep trailing when it moves in line to expectations.

If investors who have been tracking the stock better please post their comments will reduce our research work on the company. The sector is promising, brand is promising if only the management seems clean it has all ingredients of a multibagger. Godrej Inds through its subsidiary Ensemble Holdings & Finance Ltd has bought 2.2% stake also makes it an interesting bet.

Will post more once able to research more for now its a trading pick.

Disclosure: The stock has been recommended to our clients at 71-74 levels in the past two days.

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Zicom Electronic Security Systems – Volume based Breakout. Interesting Security Company is a post from: Technical view by Nooresh

Mirza International – 4 year range breakout. Long term target 45 – 50

Posted: 30 Dec 2013 09:28 PM PST

Mirza International Technical View

-> Over the last 4 years the stock would bounce to 24-26 and collapse back to 18-20 levels.

-> Recently after making a few attempts at 24-26 it sustained higher which gave a clear indication breakout was on the cards.

-> Today the stock has confirmed a long term breakout by crossing 28 levels.

-> Short term targets would be placed at 30-32 and any dips to 25-26 should be a buying zone.

-> Technically it can be termed as a channel breakout/triangle breakout or a range breakout but implications are we could be looking at 45-50 also in the long run.

Disclosure: The stock came on our fundamental filter and has been advised to clients at 24 also with long term view. The stock was also recommended as a short term pick at 26-26.5 with a view of 30-32.

Also this is one of the tweets mentioning Mirza a few days back

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