Technical Analysis of Indian Equities by Nooresh

Reliance Communications – End of Story or New Beginning ?

This has been one wealth destroyer for investors and even for traders with the volatility.

At 50-52 today the stock is interestingly placed now.

Reliance Communication.

Reliance Communications Technical View

  • In the last 3-4 years it has made bottoms at 46-52 zone in August 2012 / March 2013 / August 2015 and now in February 2016.
  • To some this may look like a Head and Shoulders Pattern. But HnS patterns are generally reversal patterns seen after an uptrend which does not seem to be the case here.
  • So 46-48 remains a strong support zone on closing basis. 56 is a short term resistance.
  • A break below 46-48 can also lead to a sharp fall.
  • I would not like to pre-empt a trade here but will watch for 46-48 or 55-56 which gets taken off. The subsequent move could be large.

The Investing Lab with Puneet Khurana

Its a 2 day program with one and a half day session on Fundamental Analysis focusing more on quantitative factors and another half day on Technical Analysis for Investors.

Date:
23-24th April 2016

Timings:
9 am to 6 pm

Venue :

Hotel Karl Residency

36, Lallubhai Park Road, Andheri (W), Mumbai – 400 058. Maharastra, India.

Fees - Pay as much as you want.

Registration Fees = Rs 3000 ( Refundable )

Register by making a payment on this link - https://www.instamojo.com/@noooreshtech/

mail to nooreshtech@analyseindia.com

 

Technical Analysis Training Bangalore

Date:
7th and 8th May 2016

Timings:
9 am to 6 pm

Venue :

Iris Hotel
# 70, Brigade Road,
Bangalore-560 025

Fees - Pay as much as you want.

Registration Fees = Rs 3000              ( Refundable )

This is how much you can pay

1) Ask for registration fees to be refunded if you do not like the course.

2) Pay anything above Rs 3000.

(You can pay in chq/neft/online/gift/blessings at the venue or anytime after the course. There is no upper limit to the payment:))

Entries on a first come first save basis. Batch size 15-25 participants.

Nooresh Merani

Securities covered above:: Reliance Communication

SEBI Registration disclosure – Investment Adviser

Financial Interest:

Nooresh Merani and his family/associates/ analysts do have exposure in the securities mentioned in the above report/article.

Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

Also read the detailed disclaimer – http://www.nooreshtech.co.in/disclaimer

Article by Nooresh Merani

Nooresh has written 2717 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 5 comments… add one }
  • kunal April 11, 2016, 22:44

    What is your gut feel ? Will it go up or low ?

    Reply
  • kunal April 11, 2016, 22:45

    What is your gut feel ? Will it go up or down ?

    Reply
  • kunal April 11, 2016, 22:46

    What’s your gut feel ? Will it go up or down ?

    Reply
  • Kunal April 25, 2016, 20:45

    What’s your view on rcom now ?

    Reply
  • Anil May 12, 2016, 23:33

    Nooresh ji…Are you expecting Rcom to cross 60 this month, pls advice

    Reply

Leave a Comment