Just a few stocks which came up on radar - Closer to resistances or breaking out.
Tata Chemicals - Lots of resistance around 580-600.
Andhra Sugars - 10 year highs.
Has always been cheap on a P-E Basis. Good track record of dividends. Underperformer in the caustic soda/sugar rally.
DCM Shriram - New all time highs with a good volume tick.
Disclosure - Stock has been recommended in Technical Traders Club
PSU Banks
A lot of PSU banks are pretty close to the resistances of last 12-24 months.
It will be interesting to see if they breakout into a strong upmove.
Disclosure - We would have recommendations on some PSU Banks in Quickgains
Bank of India - Stiff resistance at 140.
Canara Bank - Can it breakout above 300-305.
State Bank of India - Can it breakout above 280-290. Lots of attempts on that trendline in last 2 years.
Technical Analysis Training Mumbai
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Nooresh Merani
Securities covered above:: Tata Chemicals, Andhra Sugars, DCM Shriram, State Bank of India, Canara Bank , Bank of India
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.
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