Technical view by Nooresh on Sensex/Stocks/Commodities

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ADF FOODS – An interesting small Cap Company Posted: 22 Sep 2014 02:03 AM PDT   ADF FOODS TECHNICAL VIEW   -> In the short term stock is on verge of a breakout above 80 recent highs. -> On a 20 year chart the stock has never gone above 80-100. It could be start of a long term trend change in the stock technically.   Fundamentally its in a very interesting business of food products – pickles etc. Liked the ADF Sould products available in mumbai and the company has scaled up to almost 25 cities.   Governance was not great before but a good dividend payout record. With entry of Lakshit Sanghvi, Ashwin kedia of Alchemy , Nikhil Vora ( ex head of research IDFC ) and Brahmal vasudevan and many marquee names entering in the last few quarters alongwith promoter increasing stake indicates the governance will be better and maybe better direction.   It does seem to be an interesting small cap company with very huge potential. A simple risk is a company which could not scale up in 20 years can it do now ( Me thinks so )   Disclosure : The stock has been covered as our investment pick in Big Value 2.0 product at 68-72 levels last week.   Please do your own research and risk management and read the disclaimer. ADF FOODS – An interesting small Cap Company is a post from: Technical view by Nooresh

ITC Limited – The Nifty Heavy Weight on a Breakout Posted: 22 Sep 2014 12:41 AM PDT   ITC Limited Technical View   Disclosure – Recommended to QuickGains Premium Plus and Newsletter Clients on Friday at 360.   -> A big triangle formation seen for last few months with multiple tops at 360. -> Good amount of supports at 340-350. -> The stock gave a breakout above 360 and the first resistance comes at 380. -> A move above 380 can create much more momentum.   ITC is the highest weight in Nifty with a 1% move impacting 6 points on Nifty almost.   We have launched a new product for all traders/investors. Recommend it to all readers. Do go through the detailed post - Technical Traders Club Membership – Half Yearly & Annual http://www.nooreshtech.co.in/2014/09/technical-traders-club-membership-half-yearly-annual.html ITC Limited – The Nifty Heavy Weight on a Breakout is a post from: Technical view by Nooresh

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