Technical Analysis of Indian Equities by Nooresh

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Larsen and Toubro – Turnaround and Bottom done.

 

Larsen and Toubro

 

We had recommended Larsen and Toubro at 1440-1450 in Technical Traders Club and Big Value 2.0 last week.

Above is the chart as posted in the Report.

 

( We also recommended a lot of other large caps like ICICI Bank at 1490 …. and more and midcaps like Escorts  at 155  , Hexaware at 170. Would have preferred more dips πŸ˜‰ )

 

This is how Larsen and Toubro looks now on a shorter term chart.

 

Larsen Blog

 

 

Larsen and Toubro --- Looks bottomed out at
1400-1450 and a trend change.
Further momentum above 1650.
Dips to 1500-1530 a buy area.

 

Also Dow Jones as expected has bounced 1000 points from the low and Nifty around 300 points. This is the post on Dow Jones and Vix Co-Relation

 

For more such reports – Technical Traders Club 

 

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http://www.nooreshtech.co.in/2014/10/technical-analysis-training-mumbai-november-15-16-pay-as-you-want.html

 

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Article by Nooresh Merani

Nooresh has written 2755 articles.

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