Technical Analysis of Indian Equities by Nooresh


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Nifty below 10700–A Pause or a Crack ?

In Technical Analysis

Nifty has broken below 10700 which was roughly the base for last 4-5 sessions. In our previous post Nifty50 at 10800 but Nifty10 at 12000 and Nifty20 at 11300. Time to Short in Parts ? had looked at how Nifty was stretched and its time to short in parts. Lets [...]

Technical Breakouts–BBTC, Thermax, NOCIL, CCL Products, Care Ratings.

In Technical Analysis

A few interesting charts. Do read the disclaimer and disclosure. Also please do your own research and risk management. Bombay Burmah Trading Corporation – On verge of a breakout above 1100-1150. Good volume and price tick today. Disclosure – Recommend to Clients Thermax – A lot of capital good names [...]

Stock Performance Feb 2020 to July 2020 – One Third above February Pre Covid Highs, One Third Down 20% or more !!

In Technical Analysis

In our previous posts we had shared an Excel Sheet of Stock Performance from PreCovid19 and the Bounce from March lows. Read the Post – We are sharing again an updated sheet which can help you take a Deep Dive in terms of Stocks which have bounced the most, stocks [...]

Nifty50 at 10800 but Nifty10 at 12000 and Nifty20 at 11300. Time to Short in Parts ?

In Technical Analysis

As i write this post Nifty50 today made a high of 10800+ and is now down just 12-13% from the all time highs. Even in a market scenario with no pandemic, this would be considered a normal correction. We had a 11% dip in June 2019 to September 2019. This [...]

Insider Trading Quarterly Report–Interesting Ideas to Research @Rs 699 per Quarter or Rs 1999 for a Year

In Technical Analysis

In our post – Insider Buying–A good way to hunt for Companies to Research. we had looked at some examples about how one can find good ideas to research or to keep on radar for Opportunities. We have started a small product around it. We keep doing this research for [...]

Stocks on Radar–BASF India, Eclerx, Mphasis, CESC Limited

In Technical Analysis

Few Quick Charts. But before that a quick note. One needs to look at Delivery Volumes percentage deeply of late in a price and volumes breakout. If the delivery percentage is less than 20% checkout if its covered in some business channel or some media. Seeing a lot of fake [...]

Large Caps On Radar–Airtel,Infratel, HDFC ,HDFC Bank, Icici Bank, Infosys, JSW Steel, Reliance & Sun Pharma

In Technical Analysis

Nifty has given the first pause after hitting the 61.8% retracement zone of 10500-10550. Bank Nifty could not see follow up above 22000. The Broader markets have been resilient. Nifty has moved in a nice higher top higher bottom formation from 7511. The bottoms being 8055/8806/9544 but a lot of [...]

The Curious Case of Glenmark Pharma and Favipiravir.

In Technical Analysis

The number of articles on Favipiravir and Glenmark Pharma have shot through the roof and almost everyone news sites, magazine,business channels have covered it. The message went viral on whatsapp groups. With almost no knowledge on Medical Terms I will be looking at the topic from a perspective of– 1) [...]

Quick Technical Analysis of Nifty50,BankNifty. IndiaVix still at 30 & other Indices.

In Technical Analysis

A quick look at Index charts. Nifty50 61.8% retracement at 10550. Last top at 10330 and gaps at 10330/10750. Good Volumes on upticks indicates trend is still up. Expect some tough time around 10550/10750. Time to ride but be alert and cautious. Be Nimble to turn quickly. Bank Nifty Quite [...]

Sector on Radar–Fertilizers–Chambal Fertlizers, Deepak Fertilizers, GNFC

In Technical Analysis

The momentum in fertilizer started with the largest company in the sector – Coromandel Fertilizers which recovered the fastest and hit a new 52 week and all time high. A lot of agrochemicals and agri related companies have seen new 52 week highs – Rallis India, PI , Dhanuka etc. [...]