Voltas – The stock can be a good trade for a few sessions with a stoploss of 90 although a move above 95 with volumes would be a confirmation.
Tata Global has been in a trading range for last many months. The channel is around 40 bucks.
Interestingly now it is testing the lower end which could be a good zone to do some bottom fishing. Also it can be a good stable pick for a very long term view as well. A bounce to 148/155 is very much possible.
A similar trade which we initiated for clients was Dabur.
Stock gave a nice bounce from 160 to 168 in quick time.
Technical charts of a lot of capital goods have finally turned around. Next dip could be interesting for long term investors. Will cover the stocks in coming weeks.
TECHNICAL ANALYSIS – ONLINE TRAINING planned for mid December.
Participants just need a broadband connection and speakers.
Interested people can mail us on nooreshtech@analyseindia.com or For more details call Ankit 09899899989 Nooresh 09819225396
Book Recommendation
The Fountainhead – Ayn Rand – One of the must read books. Can keep on reading it again and again.
Nooresh Merani
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