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You are here : IndiaNotes >> Research & Analysis >> Companies >> Indiabulls Housing Finance Ltd. >> Research

Housing Finance Stocks on Fresh Breakout - Indiabulls Hsg Fin, GIC Hsg Fin & LIC Hsg Fin

Nooresh Merani | 04 Oct, 2016  | Follow Author | Add to my Favourites 
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Disclosure - Most of the stocks below are recommended in Technical Traders Club (http://www.nooreshtech.co.in/quickgains-premium/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 (http://www.nooreshtech.co.in/disclaimer).


LIC Housing Finance


We have looked into this before also when it was at a resistance and then broke out (http://www.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 (https://twitter.com/nooreshtech) 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 (https://twitter.com/nooreshtech/status/781430774385913856)


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


SEBI Registration disclosure – Investment Adviser ( INA000002991)


Financial Interest:


Nooresh Merani and his family/associates/ analysts do 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

 



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About Nooresh Merani
Nooresh is an ace Technical Analyst and is proficient in picking winners from the mid-and small-cap segments. He is the Founder Director of Analyse India (www.analyseindia.com), a firm which has trained more than 800 individuals across India.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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