Technical Analysis of Indian Equities by Nooresh

Sensex – Going Nowhere ! Orchid Chemicals breakout headed to 345.

Blog160511

 

Sensex Technical View:

 

- > The short term trendline is still holding up but there is no follow up buying or selling to take this market to 17800 or 19000 levels.

- > How long will the market stay in this band is 🙂 need to be seen.

 

Continue to be stock specific.

ORCHID CHEMICALS --- Clean Breakout headed to 345

 

Concern FNO ban.

 

OrchidBlog

 

 

Regards,

Nooresh

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

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{ 1 comment… add one }
  • Venkatesh May 17, 2011, 21:50

    I think now the Sl is triggered and it is stuck in the range. Am i right or can i go for buying @309-311.

    Reply

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