Siemens – A nice flag pattern if sustains 815-820 can see a spike to 880-900.
Disclosure : Initiated a buy at 808 with a small stoploss of 795 🙂
Aditya Birla Nuvo has hit 950 + levels. Maintain the long term view and now entry point would shift to 880 on dips.
Aurobindo Pharma – The stock can give a sharp move if crosses 125.
Bengal and Assam Company/Bombay Burmah seem to interesting bets for long term defensive plays. Looking at some more holding companies.
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Regards,
Nooresh
March 22, 2012
Hey Nooresh ive been a silent observer of your site. I am new to TA but doesnt it look like a descending triangle if one drew a vertical baseline around 755-760 levels. It could also slightly resemble a faaling wedge. Could you revert back on this. Have u applied the normal flag pole for targets or any other measure for targets. Thankyou !
March 23, 2012
Hi Gulshan,
Dont look at whether you call it the wedge or flag. Look at whether it breaks out or not.
My mistake pre-empted the trade 🙂 before the breakout 🙁
March 23, 2012
dabur did not work as u told
March 23, 2012
Dabur 🙂 did not move up but is trading around the same point .
March 24, 2012
hi nooreshbhai
what’s ur present view on gmdc hold it or not
thank u
March 26, 2012
Hi Mayur,
A quick trading stoploss is hit but investment view remains.
Can look to average. With the technicals weakening expect it to be in the range of 165-185 for some time.
The breakout which we expected above 200 🙁 did not work out
March 27, 2012
Dear Sir
what is your view on
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Jignesh
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