Blue Star , Dena Bank, Exide Inds, Elecon Engineering, India Bull Real Estate – Quick Technical Charts

Click on the chart to see a detailed view.

BLUE STAR :

 

Excellent Cup and Handle – Should target 550 in medium term.

 

Bluestar

DENA BANK :

 

Multiple Tops around 95-96 levels which if broken the stock should head to 105-110 in extreme short term. Watchout for Volumes increase.

 

denabnk

EXIDE INDS :

Breakout above 130.

Stock is consolidating around the zone of 130-134. Buy with stop of 125.

 

Exide

INDIA BULL REAL ESTATE :

Bounce Back candidate

IBREAL

ELECON ENGINEERING :

 

Recommended to our clients in Delivery Gains and QuickGains Premium Clients at 80-82 with a target price of 100. Partial booking done at 90.

 

EleconEngg

 

T

26 Comments

  1. PUSHKAR
    June 24, 2010

    hi,
    would definately buy blue star but should we buy after breakout or is it that we can start accumulating ???

    Reply
    1. nooresh
      June 24, 2010

      Hi Pushkar,
      Buy on dips to 400 or on closing above 440. Mind you the stock can stay sideways for quite some time as its not a very liquid stock

      Regards,
      Nooresh

      Reply
  2. Murtaza
    June 24, 2010

    Nooresh,

    Satyam y’day gave a Triangle breakout. Stock can be bot at dips with SL 85 for tgt 103.

    Hope i’m right with this one 🙂

    Murtaza

    Reply
    1. nooresh
      June 24, 2010

      Hi,
      Yes seems a breakout but overall trend is weak so can consolidate.
      Regards,
      Nooresh

      Reply
  3. rochak parekh
    June 24, 2010

    u look like sajid nadiadwala, movie producer. one more similarity, he has also got successes more than the failures, what say.
    regards
    rochak

    Reply
    1. nooresh
      June 25, 2010

      Hi Rochak,
      Dunno if i look neway similar 🙂
      Neways good luck to your blogging.Write responsibly 🙂
      Cheers,
      Nooresh

      Reply
  4. Raj
    June 24, 2010

    Sir what is your view on United Phosphorous at these level’s…please advice.

    Thanks.

    Reply
    1. nooresh
      June 25, 2010

      Hi Raj,
      United Phosphorous i have a long term call initated from 165/185. Remain positive for 250 over the long run. Buy on dips to 180-190.

      Reply
  5. Neena
    June 24, 2010

    Hi Nooresh,
    Kindly advise me for Alok and Suzlon which i am holding at higher levels.Can suzlon be retained as a long term bet with one year view and whats the expected target for the same?

    Reply
    1. nooresh
      June 25, 2010

      Alok i would consider to shift into Elecon on Easun reyrolle.
      Suzlon is a hold for long term but would go slow

      Reply
  6. Amit
    June 25, 2010

    Sir what the tgt on COLGATE holding from 720 levels. Shall I book part or wait for more upside to come. Pls give me levels.

    Regards
    Amit

    Reply
    1. uday
      June 26, 2010

      hold for 1000 trg

      Reply
    2. nooresh
      June 28, 2010

      Book part hold for 5% more

      Reply
  7. ANKUR
    June 25, 2010

    Can i bet on Suzlon ahead of right issue. Right issue @63/- whereas market price around 57/-

    Reply
    1. nooresh
      June 28, 2010

      Suzlon long term story … Rights not a reason to be buyin it

      Reply
  8. Mihir
    June 25, 2010

    Nooresh bhai –
    ratnamani?? hold , sell …how long we have to wait…recently it did 135 but after that consolidating…

    also your view on anant raj…i am holding for a year now…but it is not able to move above 130…

    thanks again!!

    Reply
    1. nooresh
      June 28, 2010

      Ratnamani is a good hold. Anant Raj is a little over-owned with so many reports on it so patience would be tested

      Reply
  9. Nirmal
    June 26, 2010

    Hi Nooresh,

    Hope you are doing well. I have bought Torrent Pharma @ 555/- few days ago. It went up to 590/- and has come down to 560/- . Should I add more if it comes to 535-540 level or exit at cost.
    Please give your view.

    Reply
    1. nooresh
      June 28, 2010

      Nirmal can hold on to the same. Not an add

      Reply
  10. rochak parekh
    June 27, 2010

    please visit my blog STOCK2GAINS.blogspot.com
    to react on my new write up” What is ur trader type ” . My friends, comments from all of u are very important as i would wanna keep improving myself in my journey of blogging.
    thanks
    regards.
    rochak

    Reply
    1. nooresh
      June 28, 2010

      Hi Rochak,
      Cheers enjoy

      Reply
  11. Akshay
    June 27, 2010

    Nooresh,

    Missing your QUOTES and SUNDAY THOUGHTS. Pls try to post some SUNDAY THOUGHTS if possible.

    Regards

    Akshay

    Reply
    1. nooresh
      June 28, 2010

      Hi Akshay,

      Yes stuck on time.

      Regards,
      Nooresh

      Reply
  12. a c roy
    July 5, 2010

    Vimta Lab

    Booked Profit one half purcahsed above 33. Have another half purchased below 30.
    Tomorrow it can do 42.

    For 55 , how much may I have to wait?

    Reply
    1. nooresh
      July 6, 2010

      Hi A C Roy,
      Will need to be patient for next 6 mths for 55.
      Regards,
      Nooresh

      Reply
  13. kiran Patel
    December 5, 2010

    dEAR sIR,
    ADVISE ON HINDUSTAN MOTORS SCRIP AS IT IS SHOWING ON THE CHARTS AND ITS SHORT TERM TARGET ( TIME PERIOD0 I AM HOLDING MANY SHARES AND ALSO WHAT IS THE STORY NOW

    Reply

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