Technical Analysis of Indian Equities by Nooresh

Silver – 10% in 2 Weeks – Technical Analysis at its Best !

In all my previous observations on commodities one thing that has come out is it is more effective on Commodity Charts then equities 🙂 as the moves are clean and quick.

2 weeks back i had posted the following chart for Silver -

Technically it seems Silver has just given a possible medium term breakout and could target a nice 10-15% jump in coming few weeks. My tracking of commodities is only of academic nature but the chart below suggests a clean breakout.

SilverDollar

The price at that point was 20.05 and since then it has moved to 21.9 + in last 2 weeks. 10% move in Silver thats a killer trade !!!

 

See the chart below to see how Technical Analysis works equally well rather so superb in commodities too:)

SilverMove

Also lets have a look into the MCX chart.Though it saw a move of only 31500 to 33000 due to the Dollar- Rupee fluctuation.

 

SilverMcx

 

For an old view on commodities.

This is a good old article explaining how i gave a sell on Crude at 145 and then it dropped one way to 100 odd levels.

http://www.nooreshtech.co.in/2008/09/crude-analysis-147-to-106-technically.html 

Although i dont have time to check forex but students who do track forex also suggest technicals work the same there too.

 

TECHNICAL ANALYSIS TRAINING MUMBAI re-scheduled for OCTOBER 9-10.

 

BANGALORE - OCT 16-17

 

Cheers,

Nooresh

Article by Nooresh Merani

Nooresh has written 2581 articles.

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{ 4 comments… add one }
  • jigar September 30, 2010, 13:34

    hi nooreshji, have bought jbfind and valechaeng at 157.20 & 194.60 respectively. so do i hold for some time or switch to any other stocks. pls advice. As this question is from Mr. ashish nd his pc is nt working since a week so he told me to post. Pls advice. Thanks

    Regards
    Jigar

    Reply
    • nooresh September 30, 2010, 20:32

      Hi Jigar,

      Exit JBF Inds. Valecha you can shift if you have a better option

      Reply
  • tejas September 30, 2010, 19:17

    Plz guide me about Beckon industries. I have bought it at 7.8 Rupees.

    Reply
    • nooresh September 30, 2010, 20:31

      Well i dont understand the stock

      Reply

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