Technical view by Nooresh

Cluster of Resistance at 18600-18700. Crossing it can lead to some Covering.



Sensex Technical View:

There is a cluster of technical parameters which pose a resistance around 18700 levels.

- 50 dema

- 200 dema

- Breakdown trendline shown in green

- Also recent trendlines.

- Recent Top at 18690.

Crossing and sustaining above 18700 opens up to the next range of 19000/19400 which is basically 50/61.8% of the fall from 20660 levels.


For now one may focus on stock specific moves.


Stocks to watchout for :
TCS is on verge of a breakout and may head to 1200 + levels.



MUMBAI 5th-6th MARCH 2011


Kazim 09821237002 Asif 9833666151

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 1 comment… add one }
  • Utsav S Churi March 5, 2011, 01:16

    Hi Nooresh Wipro also looking intresting. Cup and handle neckline at 455 levels


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