Technical Analysis of Indian Equities by Nooresh

Technical Charts – NTPC, M&M Financial Services, Aarti Inds, Alchemist and Marathon Nextgen Realty ( under review ) .

NTPC

 

NTPC --- Has been in a downward channel for quite some time now. Can expect some pullback from 178-182 levels back to 170.

 

M&MFinancialServices

 

M&M Financial Services --- The stock is on the radar if it breaks out above 700 levels can expect a quick move of 10% levels.

aartiinds

 

Aarti Inds --- The stock looks very interesting

as per the first look

AARTI INDS --- Interesting stock with 5% div yield
book value of 55 + and promoters increasing
stake.
Technically above 52-54 can see some sharp
spurts or buy in dips to 45.

 

Worth a more detailed study !

alchemist

 

ALCHEMIST LTD ---- Consistent Volumes but Erratic Price moves.

With low delivery volumes this clearly hints of possible circular trading !!

 

Another stock under study is Marathon NextGen Realty which looks pretty interesting on the first look. Any one tracking the stock may mail me on nooreshtech@analyseindia.com

 

Happy Investing,

 

Nooresh Merani

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2627 articles.

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