Technical Analysis of Indian Equities by Nooresh

Technical Charts – Crompton Greaves, DLF, ITC and Tech Mahindra

Crompton

CROMPTON GREAVES -

Although this can be looked into as a bottom fishing candidate but the technical picture seems very bleak. Upside to 230-235 should be used to take a short trade.

There could be much more downside to the stock.

DLF

DLF

I continue to maintain my distance on real estate stocks but this is just a view. Can do 270 if able to close above 245.

ITC206

ITC

Continues in a strong uptrend. Watch for a move above 206 can give a move up to 220.

TEchblog

TECH MAHINDRA

The stock continues to remain a favorite for the short term.

It gave a breakout at 705-715 where we have initiated a buy. Sustained move above 760 can take the stock quickly to 800+.

 

TECHNICAL ANALYSIS TRAINING SESSION –

MUMBAI July 30-31

Cheers,

Nooresh

Article by Nooresh Merani

Nooresh has written 2556 articles.

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{ 3 comments… add one }
  • s s cheema July 20, 2011, 11:37

    Crompton – down 13 percents?? what is wrong

    Reply
    • nooresh July 21, 2011, 09:06

      Hi ,

      As shown in the chart its a big head and shoulders pattern which gave weak indications

      Reply
  • jignesh July 21, 2011, 09:58

    Hi,
    can u pls comment on MASTEK and on BIOCON

    Reply

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