Stocks on Radar–Welspun Corp, Hinduja Global, Bombay Dyeing , LIC Housing, Adani Ports

In this post we are trying to look at stocks which are close to a breakout or in a compression which is generally a Triangle Formation in Classical Technical Chart Patterns.

In such a formation the importance of price and volumes confirmation is high. So do your own research and this is not a recommendation. Please read the disclaimer.

Have been getting a lot of inquiries for the next Technical Analysis Training Session. Next sessions tentatively –Mumbai – April , Bangalore – May.

Welspun Corp

• Good consolidation and compression of range. Seems shaping for a long term turnaround. Lots of resistance at 90-92.

Hinduja Global

• Lots of tops at 625-640.
• Can it breakout the resistance ?

Bombay Dyeing

• Can it breakout the 62-63 mark with volumes ?

LIC Housing Finance

• A triangle compression with 3-4 tops at 570-573.

Disclosure – Stock has been recommended in Technical Traders Club

Adani Ports

• 290-315 is the range. Lots of insider buying as per disclosure on exchanges. Can it breakout ?

Nooresh Merani

Securities covered above:: Welspun Corp, Hinduja Global, Bombay Dyeing , LIC Housing, Adani Ports

SEBI Registration disclosure – Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts do not have exposure in the securities mentioned in the above report/article.

Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision