Escorts Technical View
-> After a false breakout couple of times the stock has been in a range of 105-145 for last 1 year almost.
I had recommended it and got a stoploss hit a few months back too – post
- > But multiple bottoms at 105-115 holding up in so many attempts and a small breakout today with volumes makes it a good risk-reward buy.
-> Can expect a target of 140-145 and higher in medium term. Stoploss 114
Heritage Foods Technical View
-> A triangle breakout aboev 310-320. Can expect a move to 360 and once that is taken out we can be looking at much much higher levels. Stoploss 310 for short term traders.
-> An interesting bet for a long term investor.
INOX Technical View
=> The stock has been in a good trend for quite some time.
-> A fresh breakout above 165 and 173 indicates a quick jump to 185-190 or higher. Stoploss 163.
The above charts are an example of the trading approach to start with but as a trader one can book out early or ride it with trailing stops depending on momentum.
Even if all the three possible trades go wrong we would be able to digest with our risk management and earlier right trades.
Please do your own research and risk management.
TECHNICAL ANALYSIS TRAINING SESSION MUMBAI
13-14 th September 2014
For more details call Nooresh 09819225396 or Ankit 09899899989 . Course details https://nooreshtech.co.in/technical-analysis-training
Nooresh Merani
www.analyseindia.com
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