Technical Analysis of Indian Equities by Nooresh

Technical Charts – Larsen and Toubro & Tata Steel



Larsen and Toubro Technical View


-> The stock was making new highs for past 1 month but with a very slow pace and giving divergences.

-> Finally it seems like a small breakdown which can give a dash to 1200-1150. Stoploss would be 1300.


Tata Steel


Tata Steel Technical View


-> The stock is making a major cup and handle which has a breakout point at 430-435.

-> This implies the stock will face a lot of resistance at 430-435. A dip to 380 seems possible but given the risk-reward not a great trade.

-> A good stock to keep on radar if it crosses 435. It can give a similar trade like Hindalco



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Nooresh Merani

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Article by Nooresh Merani

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