Technical Analysis of Indian Equities by Nooresh

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ICICI Bank – A dip to 990-1000 can be a bounce back entry point

icicibank

 

 

Re-test of previous breakout area of 990-1010 should provide support.

 

Risky traders may accumulate with a stoploss of 970 or buy in any quick dips to 990-1000. One can expect a bounce back to 1100 again.

 

Regards,

 

Nooresh

Article by Nooresh Merani

Nooresh has written 2595 articles.

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{ 11 comments… add one }
  • bhanu November 20, 2012, 12:05

    Dear Nooresh,

    Quick view on hinduja Ven. Godreh industries, Reliance, please suggest entry points/supports.

    thanks
    Bhanu

    Reply
    • Nooresh November 22, 2012, 20:50

      Hinduja Ventures can book part at 480-500 and re-enter around 400-420 if comes.
      Reliance buy at cmp. Godrej Inds 270-260 seems a base so buy closer to it

      Reply
  • bhanu68 November 20, 2012, 15:03

    Dear Nooresh,

    what is your view on Himatsingka Seide?

    regards
    bhanu

    Reply
  • Umesh Kamath November 20, 2012, 20:41

    Dear Nooresh,

    Whats your view on aban offshore & hexaware as the stock has fallen considerably, whats your buy target.

    Reply
    • Nooresh November 22, 2012, 20:48

      No view on Aban.

      Have been surprised about the fall in hexaware after making new highs. Had a trading position earlier which was booked in profits.
      90-100 could be a base for now.

      Reply
  • Umesh Kamath November 24, 2012, 16:12

    Dear Nooresh,

    Is it a good time to enter in suzlon as the stock is in f&o ban will it jump by 1 -2 rs.And your view on apollo tyres seems to be a good stock since a dip from 100 to 80 its recorrecting will it go up?

    Reply
  • Ashok Manek November 30, 2012, 12:08

    1100 ……………tgt achived

    Gooooooooooooooood

    Reply
    • Nooresh December 1, 2012, 15:53

      Yes seems more to go ….

      Reply
  • pasha November 30, 2012, 22:45

    Nooresh sir..
    Ur service and tips onto this blog rocks..
    Ill b joining soon ur subscriptions πŸ™‚

    Reply
    • Nooresh December 1, 2012, 15:53

      Thanks for the kind words pasha

      Reply

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