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Sector Leaders near Breakouts - UPL Limited, GAIL India, Balrampur Chini, Atul Ltd

Nooresh Merani | 19 Apr, 2017  | Follow Author | Add to my Favourites 
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In this post we are looking at a few stocks which are either sector leaders/largest in terms of size in their sector and are very close to breakouts.

Rest of the names in the sector have already done a great move over past few months. Will these stocks show leadership or lag ?


  • The leader in the agro chemical space and now on verge of a triangle breakout above 750-755.
  • Quite a few attempts at that resistance in last few days

GAIL India


  • At 6 year highs with 3 attempts.
  • Same bottoms at 200 odd.
  • Good consolidation near 370-410.

Balrampur Chini


  • Highs of 2011 around the 150-160 mark.
  • Good consolidation recently around 145-160.

Atul Limited


  • I would say in terms of specialty chemicals this is the only company which would really qualify to use the word Specialty and most of the other touted names are a little better than commodity. ( Personal View )
  • After a good consolidation for last few months consolidating at the all time highs of 2500 odd.

Disclosure - UPL, Atul LImited and GAIL India have been recommended in Technical Traders Club

Do your own research and consult with your adviser. please read the disclaimer

Nooresh Merani

Securities covered above:: Tata Elexsi, Petronet Lng , Orient Refractories, Mercator Limited, IDFC Bank and Ahluwalia Contracts

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


804.00 +5.80
803.15 +2.65
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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 (, 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 accept any liability whatsoever arising from the use of any of the above contents.

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