Aditya Birla Nuvo and Ashok Leyland —- Will they breakout above the resistance.



Aditya Birla Nuvo :

In August had discussed about the stock at 850-820 levels as being a good defensive investment for long term with a broad valuation ---- Aditya Birla Nuvo – lots of Value


The stock has been facing a lot of resistance in the band of 970-980 for a long time now. Whenever it breaks and sustains will give a move to 1100-1200 in short time.




Ashok Leyland :

The stock has been in a range of 23-28 for a year now. The last attempt also looked like it would breakout but now its almost the 4-5th attempt increasing probability of a breakout. Keep a watch if crosses 28 with volumes can give a move to 33.


Happy Investing ,


Nooresh Merani


  1. Gaurav
    November 4, 2011

    Hi Nooresh,

    What’s ur opinion on HDIL and IBRE for 2 to 3 years?

    Many Thanks

    1. nooresh
      November 4, 2011

      Both the stocks are showing signs of bottoming out but in real estate best bets are nesco, ashiana and godrej properties.

      Short term bullish on Ibreal and HDIL —2-3 yrs they would definitely be higher but difficult to say they have totally bottomed out.

  2. pratiek
    November 5, 2011

    sir according to me lupin is on the verge of fire bz it breaks upside trend line plz comment and sir all pharma pack looking good…….

  3. Ravi
    November 17, 2011


    Bought 1000 Ashok Leyland @28 and keep watching with 26 as a stop loss. But today I was out and it ended blow 26. Can book loss or can I average it at lower level? Please advise


    1. nooresh
      November 17, 2011

      Hi Ravi,

      The stock gave a breakout but yet again coz of market conditions its taken a stoploss hit.
      Downside could be limited to 23-24 looking at dividend yield.


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