Technical view by Nooresh on Sensex/Stocks/Commodities |
| Technical Charts – Escorts, Heritage Foods and Inox Leisure Posted: 01 Sep 2014 12:53 PM PDT
Escorts Technical View
-> After a false breakout couple of times the stock has been in a range of 105-145 for last 1 year almost. I had recommended it and got a stoploss hit a few months back too – post - > But multiple bottoms at 105-115 holding up in so many attempts and a small breakout today with volumes makes it a good risk-reward buy. -> Can expect a target of 140-145 and higher in medium term. Stoploss 114
Heritage Foods Technical View
-> A triangle breakout aboev 310-320. Can expect a move to 360 and once that is taken out we can be looking at much much higher levels. Stoploss 310 for short term traders. -> An interesting bet for a long term investor.
INOX Technical View
=> The stock has been in a good trend for quite some time.
-> A fresh breakout above 165 and 173 indicates a quick jump to 185-190 or higher. Stoploss 163.
The above charts are an example of the trading approach to start with but as a trader one can book out early or ride it with trailing stops depending on momentum. Even if all the three possible trades go wrong we would be able to digest with our risk management and earlier right trades. Please do your own research and risk management.
TECHNICAL ANALYSIS TRAINING SESSION MUMBAI
13-14 th September 2014
For more details call Nooresh 09819225396 or Ankit 09899899989 . Course details http://www.nooreshtech.co.in/technical-analysis-training
Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Technical Charts – Escorts, Heritage Foods and Inox Leisure is a post from: Technical view by Nooresh |
| Technical Charts- Stock on Radar – Coal India Posted: 01 Sep 2014 12:27 PM PDT
Technical View – Coal India
- > There has been a lot of action in PSU stocks. Coal India has been consolidating for quite some time.
- > The recent top is at 372. Couple of bottoms around 347-350.
-> Watching for a breakout above 370-375 to confirm a move towards 420.
Some Thoughts
Nifty has touched 8000 and there are still a lot of non believers.
In the last 1 year Nifty is up 50-55% and suddenly you will see a lot of brokers/ advisors and analysts pitching their products and also using "Maine Bola Tha". The best way to test is how many of these were bullish pre elections or before it.
We have reduced the no of stock ideas being posted on the blog as in a bull market people tend to chase a lot of stocks without any strategy.
Also quite a few trading picks cannot be discussed as they get covered in our recommendations and we are quick to get out on the way down and follow a diversified approach. Apart from that the our investment/trading activity has increased too much with such a raring bull market which we believed in
Will again start posting picks as and when we see a timewise/price wise correction.
Continue to maintain the long term view on Indian Markets and to increase equity as a percentage of net worth. Focus on midcaps.
Few investment picks which we like and can be added if they fall by 10-15% on dips. Recommended at much lower levels to advisory clients ( Big Value 2 ). One can look to buy in parts with a view of 1 yr +. Our buy area mentioned.
NESCO ( 1100-1150 ) , NIIT Limited ( 42-46 ) and HCL Infosys ( 65-70 ) .
Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Technical Charts- Stock on Radar – Coal India is a post from: Technical view by Nooresh |
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