Technical Analysis of Indian Equities by Nooresh

HCL TECH and Aurobindo Pharma – Two Interesting technical charts

hcltech

 

-> A nice triangle formation with a breakout above 810-815 levels can give a strong move to 850/880 levels in the short term.

-> Can be a buy on dips or in momentum above 810-815 sustaining. Stoploss 770.

 

AuroPharma

 

Aurobindo Pharma -

 

-> In the short term on daily charts a breakout above 190-191 gives a target of 200-202 but the major consideration should be done once it starts sustaining above 205

-> A stock to keep watch. Above is a weekly chart.

 

Regards,

 

Nooresh

Article by Nooresh Merani

Nooresh has written 2583 articles.

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