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

Wednesday, 8 January 2014

Technical view by Nooresh on Sensex/Stocks/Commodities

Cipla – Bouncing back from supports
Technical Trades – Gayatri Projects
Technical Trades – West Coast Papers Mills.

Posted: 08 Jan 2014 09:07 AM PST

Cipla Technical View :

-> This stock has been one tricky one. At 440 it gives a false breakout and at 380 a false breakdown.

-> For now the stock is about to cross a strong trendline above 410. If that is crossed one can be looking at a quick move to 430-440 in short term.

-> Overall have been pretty bullish on the company for long term but the stock has been a laggard for last 3-6 months. But continue to believe the long term looks pretty exciting.

-> Investors can continue to hold and add. Short term trades can buy with a stoploss of 390.

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

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

Cipla – Bouncing back from supports is a post from: Technical view by Nooresh

Technical Trades – Gayatri Projects

Posted: 08 Jan 2014 08:43 AM PST

In our recent report Technical Trades – January had recommended Gayatri Projects at 62-64 with a target price of 75-80. The stock is now trading at 70 levels today.

Still looks interesting for a speculative trader with a stoploss of 63. We do expect a target of 80 in short term. Some part of the holding can be kept for long term. The stock has potential to be a multibagger if all goes well.

This is the chart as sent in the report.

This is the chart post todays move.

There was a miss also like Prism Cements which did not work out. Luckily the stock traded around 28.5 on advised date and a small stoploss of 27.5 got triggered.

For now the Technical Trades – January report is closed. But we may soon come out with another report in coming weeks.

TECHNICAL ANALYSIS TRAINING MUMBAI – January 11-12

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

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

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

Technical Trades – Gayatri Projects is a post from: Technical view by Nooresh

Technical Trades – West Coast Papers Mills.

Posted: 07 Jan 2014 08:57 PM PST

In our recent report Technical Trades – January had recommended West Coast Paper Mills at 49-51. The stock is now close to touching the 60-65 target. This was also recommended as a bet in big value.

This is the chart as sent in the report.

This is the chart as of today.

The volumes before the breakout were a very good indication. Although the stock has done the 20-25% move but can be looking at a longer term target of 90. Dips to 53-56 a buy now.

Now above was a hit. Below is a chart of a miss