Disclosure - Most of the stocks below are recommended in Technical Traders Club and other services it is safe to assume author has vested interests and a biased view. Please read the disclosure and disclaimer.
LIC Housing Finance
We have looked into this before also when it was at a resistance and then broke out https://nooreshtech.co.in/2016/06/stocks-near-resistances-lic-housing-finance-ultratech-titan-power-grid-motherson-sumi-mm-itc-indian-oil-divis-dabur.html
Currently the stock is about to get into fresh all time highs. Can it see a follow up move ?
GIC Housing Finance
After making a good range breakout above 300 it has consolidated in a range of 290-336 for last few months.
Can we see a confirmation and follow up above 330-340 in coming days ?
Indiabulls Housing Finance
In a range for the last 1 year and making a big cup and handle/triangle formation. 840-850 a stiff resistance being tested. A good range of almost 300 points in last 1 year. Watchout for the 840-850 breakout.
On thursday had tweeted a few stocks on breakout. Posting the charts for the same.
Some stocks which were around #breakouts but pulled back and look interesting - #GICHousing , #Hikal, #GSFC , #KCPLimited Do ur own research
— Nooresh Merani (@nooreshtech) September 29, 2016
GSFC - A strong confirmation of further breakout would be above 82-85 levels.
HIKAL Limited
Stock at all time highs. Also looks interesting fundamentally. Next couple of years can be interesting for this AgroChem / Pharma Stock. A personal favorite so a biased view.
KCP Limited
A long cup and handle formation of last 1 year.
105-108 a strong resistance.
Nooresh Merani
Securities covered above:: Indiabulls Housing , GIC Housing & LIC Housing Finance. Hikal, GSFC , KCP
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October 14, 2016
very good sir