ABB – Flag Breakout. Rallis India – Strong Medium Term Pick

abb

 

ABB – A nice flag breakout can do a quick move to 600-640. Stops at 545-550.

 

Disclosure: Recommended to clients on friday at 555-560.

 

Rallis India

 

RALLIS INDIA :

 

The stock is breaking out of a 3 year pattern and can now notch new 3 year highs. Investors can accumulate the stock on all declines.

 

Disclosure:

In the last 2-3 months the investment focus has been on Agri stocks. We recently booked out of VST Tillers and shifted totally to Rallis India.

The stock has also been recommended as a short term pick at 155 odd levels.

2 Comments

  1. Rakesh
    October 23, 2013

    Nooresh,

    Great call on ABB touched 630. Is the trend still up? Do you expect 680 levels soon?

    Rakesh

    Reply
    1. Nooresh
      October 23, 2013

      Time to book profits

      Reply

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