Technical Analysis of Indian Equities by Nooresh

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Long Term Trend Change Charts–BSE Limited, Sun TV and SBI

In Technical Analysis

BSE LIMITED – Breakout with volumes and sustaining. Finally a long term trend change. Can head up slowly and steadily. Stoploss 520.   SUN TV — Sustaining above 510 would be indications of a long term trend change. Momentum above 550 should increase. Stoploss 480 SBI Limited – The big [...]

Buy Blue Chips–You will never Lose Money–10 Blue Chips with zero return for a decade.

In Technical Analysis

When I entered the market in 2004-2007 heard following things Pharma is a defensive sector will not give a lot of returns. FMCG are slow moving stocks best meant for retired investors who own from 1970-1990. Real Estate Stocks have lot of hidden Land Value , India needs Infrastructure so [...]

Quick Tech Check on Nifty 50, Nifty 500,Nifty Next 50, Nifty Midcap 100, Nifty Smallcap 100

In Technical Analysis

Nifty 50 Nifty 50 Retest of last breakout being tested at 11600 odd. Channel support and previous bottom and breakout around 11100-11200 remains a major support and buy zone if it does come. Last higher bottoms at 11830/11930 got broken and should act as resistance. RSI back to 30 but [...]

Online Technical Analysis Training Session

In Technical Analysis

Over the last few years most of my training sessions have been in Mumbai due to my preference not to travel given family and social commitments. There have been a lot of queries for Online Training Sessions. So here it comes “Online Technical Analysis Training” which you can subscribe and [...]

Midcaps on Radar–MGL, GMR Infra, Ujjivan, Ramco Cements, MRF , Federal bank , Apollo Hospitals

In Technical Analysis

Nifty Midcap 100 – Showing strength It has crossed the highs made 4 days back and is close to crossing 2019 highs. Interestingly lot of strong trends in top weights of the index like – InfoEdge, CUB, Tata Global, Au Small Bank Some more seems to be shaping up well. [...]

Nifty Pharma Index–Can it breakout ?

In Technical Analysis

Nifty Pharma – Back to the resistance of 8300-8400. Will it be able to breakout. Will be on radar for coming few weeks. The Top 2 weights Sun Pharma – ( 23% Weight )   Dr Reddys – ( 17% Weight )     The Indian Trading Conclave goes live [...]

Sector in Focus–Torrent Power , CESC , Tata Power , Adani Power

In Technical Analysis

Very interesting formation in a sector which has been a laggard for a long time. Disclosure – Stocks have been recommended to clients and vested interests involved so please do your own research and risk management. Leader Stock – Torrent Power CESC – Good base. Tata Power – Long term [...]

3 Mystery Charts–Kya Lagta Hai ?

In Technical Analysis

This is an exercise that we do internally as a team and has helped us make better decisions. So where do you think these 3 charts to be over the next 6-12 months. Weekly Charts No need to guess the chart. Do take the Poll. ( No need to worry [...]

Stocks on Radar–Gail, Bhel, Nalco, MRF and GMR Infra

In Technical Analysis

A quick look at some interesting setups. BHEL – Bouncing from same supports. Gail – False breakdown and now turning back towards 145   GMR Infra – Knocking at a long term resistance at 25-26. Can take out in next attempt. Time for an entry on retest. MRF – Can [...]

Stocks on Radar–Sun Pharma Advanced Research, Indigo, HCL Tech, Tata Global

In Technical Analysis

Just a few charts on radar. HCL TECH – Will it show momentum Finally ? INDIGO – Time for a Bounce Sun Pharma Advanced Research – Many attempts at 175. Can breakout in near term. Stoploss 155. Tata Global – TO Pre-empt or to wait ?   Planning an Online [...]