Technical Analysis of Indian Equities by Nooresh

Technical Charts – Larsen and Toubro & Tata Steel

Larsen

 

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

 

 

Report and Video of the Webinar – Indian Elections – Do they change Market trends or otherwise ?

What you get – Powerpoint Presentation of the report and the Video of the webinar which was conducted in this Sunday. At a cost of Rs 499 only.

 

https://www.instamojo.com/noooreshtech/report-and-video-indian-elections-do-they-ch/

 

All other online reports - https://www.instamojo.com/noooreshtech/ 

 

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

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Cell – 09819225396

Article by Nooresh Merani

Nooresh has written 2746 articles.

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