Technical view by Nooresh on Sensex/Stocks/Commodities |
Gulf Oil Corporation – Momentum Trade 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 Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Gulf Oil Corporation – Momentum Trade is a post from: Technical view by Nooresh |
Grasim – Short Term Trading Opportunity 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 Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Grasim – Short Term Trading Opportunity is a post from: Technical view by Nooresh |
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