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

Monday, 24 March 2014

Posted: 24 Mar 2014 11:17 AM PDT

Gulf Oil Corporation Technical View

-> The stock was earlier recommended as a trade at 85-95 levels also.

-> Triangle breakout seen today with very strong volumes.

-> Before this the stock gave a breakout above 85-95 and did a quick move to 110.

-> For last 3 months the stock has been consolidating in a triangle.

-> Todays breakout should ideally take it to 120-130 quickly and even to 150-160 in medium term.

-> A technical stoploss would be at 98 and buying at 103-106.

Disclosure: Recommended at 103-105 to clients.

Thanks and Regards,

Nooresh Merani

Posted: 24 Mar 2014 10:38 AM PDT

Grasim Technical View :

-> The stock has made multiple tops at 2850.

-> In previous attempts the stock corrected sharply but this time after a little dip the stock is again turning around.

-> A pre-emptive buying can be initiated at current levels with a stoploss of 2680 or in momentum above 2850 with a target price of 3100.

Thanks and Regards,

Nooresh Merani

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