Technical Analysis of Indian Equities by Nooresh

TEA STOCKS brew a STORM !!!! …IFCI chart

IFCI has broken out above 65 and should take a short towards 72-80 levels in coming days.... Traders can go for momentum trades.

Sensex Technical View :
Still the channel continues to be followed and we saw a recovery from lower levels much before the channel and only way could we see a major move up in index only above 17500 !! ... Till then traders continue to be stock specific .. 16800 and 17500 are levels to watchout for .

TEA STOckS which were being continously mentioned for last 3 weeks and was stated a turnaround will be seen and expect 20-30% upmove ....Do check the link below
http://nooreshtech.blogspot.com/2008/04/breakout-as-suggested-17500-near.html

harr Malayalam 85 to 122 !!!!!!!!!!!! Mcleod 96 to 118 ... We track the liquid ones but all others frm warren tea to jayashree tea zoomed .

Mcleod and Assam co chart shown in the link below .....Assam co 27 to 40 🙂 , Mcleod 105 to 118 ..

http://nooreshtech.blogspot.com/2008/05/mcleod-russel-and-assam-co-can-they.html

Stocks to watchout for :

Guj Nre coke looks good for short term buy on dips to 155-159 stop of 148 tgt 175 . Volatile stock !

Orbit corp has given a breakout and sustaining above 565-575 should tgt 595-640 +.

Hind Oil exploration if sustains above 158-160 can go upto 175 on ... ( exploration stock so crude rise beneficiary but open offer at 144 i believe so wait and watch )

REALTY stocks seem to have bottomed out and if indices remain stable can expect a good bounce of 10-15 % or more in these stocks. Investors and traders can buy on dips for bounceback ...

DLF support /stop at 605-610 , Indbull real 505-510 support/stop , Orbit corp momentum , Unitech 268-270 support /stop ... will put up charts if i get time later in the week ...

TECHNICAL ANALYSIS SESSION :

The technical analysis session we conduct is for people who are interested in understanding the process of analyzing technicals in a simple , quick and efficient manner and would like to get independent in analyzing and deciding for themselves throughout in the future.

MUMBAI May 31- 1 June

Interested people can call me at 919819225396 after market hours for queries and confirmations or mail to noorrock2002@gmail.com

Best Regards,

Nooresh ,

09819225396

meraninooresh@yahoo.com

noorrock2002@gmail.com

...

Article by Nooresh Merani

Nooresh has written 2581 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment