Technical Analysis of Indian Equities by Nooresh

TECH MAHINDRA — A buy for medium term

The stock has been on radar since the first recommendation at 700 odd levels.

 

It seems a nice cup and handle breakout on weekly charts and relative outperformance indicates the trend will continue.

 

tech mahindra

 

Look to buy at current levels with a stoploss of 1020 on closing basis.

 

Another stock which looks interesting at current levels could be Cipla at 360-365 with a stoploss of 350 and upside of 380-400.

 

Nifty continues to move around 5700 levels. As mentioned in previous post 5600-5650 is a good range of supports.

 

Will be posting a detailed video on Nifty/Bank Nifty and other stocks in next couple of days. Interestingly poised for some really good opportunities.

 

 

ONLINE TECHNICAL ANALYSIS TRAINING on MARCH 16-17

 

To all those who cannot make it to our training programs in mumbai and other cities can enroll for this online session which we do once in a few months with limited seats.

 

For more details call Ankit 09899899989 Nooresh 09819225396  or mail to analyseindia@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2569 articles.

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