Stocks at Supports, Resistance and Retest–United Breweries, Take Solutions, Prism Cements, NIIT Limited, Monte Carlo, Max Ventures, LT Foods, Crisil, Bajaj Auto.

Over the last few days the divergence in movement of Smallcap Index and Nifty has reversed. Nifty has made new highs and Smallcaps continue to drift down with quite a few smallcaps/microcaps seeing a 10-20% drop from recent highs and the Smallcap Indices down 5% from the recent highs.

The last article on this Divergence - BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?

So finally we get a few stocks on Supports and Retest of previous Breakouts. Also posting a few charts very close to a resistance of last few years.

United Breweires – Can it break the 1200 barrier which is a resistance for the last few months and more than a year too.

United Breweries

Take Solutions – 120-180 Range for last couple of years. Can it breakout above 180-185.

Take Solutions

Prism Cements – Retest of Breakout at 125-130

Prism Cements

NIIT Limited – A 45-50 pointer consolidation with breakout point at 120. Can it break out in coming weeks ?

NIIT Limited

Monte Carlo – Resistance at 650.

Monte Carlo

Max Ventures – Back to Supports.

Max Ventures

LT Foods Retest of Breakout

LT Foods

CRISIL – Trend Change ?  Back to previous Highs ?

Crisil

BAJAJ Auto – Time for a quick breakout ?

Bajaj Auto

 

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DISCLOSURE Nooresh Merani

Securities covered above:  All mentioned in the above post

SEBI Registration disclosure - Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article. ( LT Foods – Nooresh Merani family has an exposure )

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.

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