Technical view by Nooresh on Sensex/Stocks/Commodities |
| Interesting Smallcap Technical investments – Liberty Shoes and Radico Khaitan Posted: 28 Jan 2014 12:47 AM PST Couple of interesting technical setups. Both Radico Khaitan and Liberty Shoes were bets which we traded from 150 to 170 and 105 to 125 previously.
Radico Khaitan –
Big cup and handle or channel breakout on weekly charts with volumes. Now retesting the breakout levels of 148-155 can be an entry point.
Liberty Shoes Another 3-4 year range breakout. After a quick move from 105 to 160 is now retesting a breakout zone. Accumulate at 110-120.
Both seem to be decent fundamentally and at a good risk-reward technically. The stoplosses are deep so accordingly.
Do your own research and read the disclaimer link. PS – Have been a little unwell due to an injury to the knee so posts may be a bit irregular. Interesting Smallcap Technical investments – Liberty Shoes and Radico Khaitan is a post from: Technical view by Nooresh |
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