Technical view by Nooresh


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Interesting Reads – Books, Articles and Events

In Interesting Reads

Continuing with Interesting Reads section. In todays post writing about a few articles, books and events.     On this day, in 1992 @suchetadalal Broke the Harshad Mehta Scam. Got to read this book - The Scam.  By Authors: Debashis Basu and Sucheta Dalal   Also the other two interesting [...]

Interesting Reads – Symphony Announcement on International Synergistic Convergence

In Interesting Reads

Starting a new section of posts – Interesting Reads   In this will look at some satirical comments, unusual announcements, good articles and anything which is interesting to read and may not necessarily connected with Technical Analysis or Markets. So if you are busy moment you read the Title – [...]

Video – Nifty and 200 day moving average

In Videos

In this video i cover some simple topics   Why is 200 day moving average used since decades ? Is it an important support ? Number of trading sessions in a year ? When should one use 200 day moving average ? Looking at how 200 day moving average could [...]

Nifty and 200 day moving average – Part 1

In Technical Analysis

  Before i start on this post let us first look into why people use 200 day moving average.   The basic premise of 200 days moving average was that there are around 200 trading days in a year. Over the last century it has changed to 250 days in [...]

Welspun India – All Time Highs and Triangle Breakout

In Multi-Year Highs

  Welspun India   I have been mentioning my liking for the Texitle sector in all my previous posts. The top picks were Vardhman Textiles and KPR Mills.   Another good company in the sector is setting up into all time highs. Start of a fresh move ?     [...]

JMC Projects – Major Rounding and Multi-Year Highs

In Multi-Year Highs

  Continuing the series of following mutli-year highs and all time highs. JMC Projects   -> For the last 3-5 years stock has faced resistance at 200-220. -> A good rounding formation over the years and a breakout into multi-year highs. -> Strong volumes seen in the recent upticks. -> [...]

Smallcap Index in a breakout Mode !

In Technical Analysis

In our last post had covered how a 10-15% breakout move is setting up in the Smallcap Index.   This is how the chart was then.     It did a move down to test the breakout point at 5400.   Post that we have seen a nice 10% jump [...]

Hang Seng – Hong Kong Breaking out of a 6 year triangle. Technical Analysis Training Mumbai April 18-19

In Global Indices

    Hang Seng Technical View   -> 25k mark has been a significant resistance for Hang Seng for last 1 yr as well as 5-7 years. -> An ascending triangle breakout with a sharp uptick is paving way for a move to 30k. -> Most of the other Asian [...]

Technical Analysis Training Mumbai – April 18-19

For the last couple of months have been getting quite a few inquiries for the Technical Analysis Training Program as we last did a training program in Mumbai in November.   We finally have scheduled a course for April 18-19th. Limited seats. Register at the earliest. Technical Analysis Training Session [...]

Nifty – Channel Supports Again and previous bottom at 8470. Trend still Positive

In Nifty Technical View

  Nifty Technical View   Ever since elections Nifty has been in a channel with almost 6-7 attempts on upside and 4-5 on the downside. Currently the channel supports are placed 8400-8500. Last major low is at 8470 and 8065. A gap at 8320-8380. 200 day moving average at 8080-8130. [...]