Technical view by Nooresh on Sensex/Stocks/Commodities |
- Reliance Industries – Time for another Long Term Entry
- UPL – United Phosphorous. Trading Momentum
- Biocon – Cup and Handle – Medium to Long Term Buy
| Reliance Industries – Time for another Long Term Entry Posted: 19 Jun 2014 09:30 AM PDT We had previously recommended Reliance Industries at 800-820. Check this video where i have explained how it was a good long term buy technically – https://www.youtube.com/watch?v=HMwPkFKJFj4 .
During the same time when majority of the participants who are now shouting a bull market were bearish. We had posted this bullish view on Nifty at 5950-6000. https://www.youtube.com/watch?v=p6WxDxOKGkY
Although the stock has bounced nicely it has not outperformed the market move. But we believe over the long term it could do well. Also given that it is generally less volatile it gives a good risk-reward.
Reliance Industries Technical View
-> The stock has been in two ranges over the last 5 years. 700-950 and 950-1150. ->After a breakout above 900-950 did take it to the band of 1150 where it has faced resistance. -> A retest into the zone of 1050-950 looks possible. -> Investors can look to accumulate in this zone with a long term view. Stoploss would be 880. -> A major momentum will be seen in the stock when it starts crossing 115-1180.
This may not perform in the short term or will not be a big mover but the risk-reward is favorable. Also returns of Reliance Industries should not be compared with midcaps ;). So if you have a better midcap option you can give this a skip. This could be a good pick in large cap space.
INDIAN EQUITIES POST ELECTION – BOOM OR DOOM –SEMINAR IN MUMBAI ON 6TH JULY 2014
Venue – Crystal Hall, VITS – Luxury Business Hotel,'Mumbai Timing 10.00 am to 6 pm Speakers – Nooresh Merani & Ankit Chaudhary Early Bird Registration fees is Rs 1499 ( people who register before 22nd June ) .Post 22nd June it would be Rs 1999
Online Payment Link Mumbai Seminar – 6th JulyPowered by Instamojo https://www.instamojo.com/noooreshtech/indian-equities-post-election-boom-or-doom-s/ For any queries call Ankit 09899899989 Thanks and Regards, Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Reliance Industries – Time for another Long Term Entry is a post from: Technical view by Nooresh |
| UPL – United Phosphorous. Trading Momentum Posted: 19 Jun 2014 09:01 AM PDT
UPL TECHNICAL VIEW
-> The stock has been in a good trend and is now seeing a consolidation. -> Sustaining above 328 with volumes could give a jump to 350-370. -> A stoploss would be 319 and then trail it as if the stock is in strong momentum than it should not dip much.
INDIAN EQUITIES POST ELECTION – BOOM OR DOOM –SEMINAR IN MUMBAI ON 6TH JULY 2014Venue – Crystal Hall, VITS – Luxury Business Hotel,'Mumbai Timing 10.00 am to 6 pm Speakers – Nooresh Merani & Ankit Chaudhary Early Bird Registration fees is Rs 1499 ( people who register before 22nd June ) .Post 22nd June it would be Rs 1999
Online Payment Link Mumbai Seminar – 6th JulyPowered by Instamojo https://www.instamojo.com/noooreshtech/indian-equities-post-election-boom-or-doom-s/ For any queries call Ankit 09899899989 Thanks and Regards, Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech UPL – United Phosphorous. Trading Momentum is a post from: Technical view by Nooresh |
| Biocon – Cup and Handle – Medium to Long Term Buy Posted: 19 Jun 2014 01:26 AM PDT
Biocon Technical View
-> We had last covered this stock at 310-320 when it was making a cup and handle – http://www.nooreshtech.co.in/2013/07/biocon-cup-and-handle-breakout-with-volumes.html
-> The stock has been facing a lot of resistance around 505-510 for past few months.
-> A sustaining move beyond it will open a target of 650 + in medium term. 470-480 are short term supports.
-> Investors with a medium to long term view can accumulate even at current levels.
Indian Equities Post Election – Boom or Doom –Seminar in Mumbai on 6th July 2014Venue – Crystal Hall, VITS – Luxury Business Hotel,'Mumbai Timing 10.00 am to 6 pm Speakers – Nooresh Merani & Ankit Chaudhary Early Bird Registration fees is Rs 1499 ( people who register before 22nd June ) .Post 22nd June it would be Rs 1999
Online Payment Link Mumbai Seminar – 6th JulyPowered by Instamojo https://www.instamojo.com/noooreshtech/indian-equities-post-election-boom-or-doom-s/ For any queries call Ankit 09899899989 Thanks and Regards, Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Biocon – Cup and Handle – Medium to Long Term Buy is a post from: Technical view by Nooresh |
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