Technical Analysis of Indian Equities by Nooresh

Stocks Near Resistances – LIC Housing Finance, UltraTech, Titan, Power Grid, Motherson Sumi, M&M , ITC, Indian Oil, Divis , Dabur

 

In todays post looking at a few stocks which have been range bound or consolidating at resistance levels. Focusing only on Nifty 50 and Nifty next 50 stocks.

In previous post we had looked at Stocks on Supports but I personally prefer trading breakouts and momentum.

Lets see which one of the following few breakout in coming weeks/months or given a good entry opportunity.

 

LIC Housing Finance

Range bound for a long time now. A short term breakout but a longer term confirmation above 520.

Disclosure - Recommended in Technical Traders Club and QuickGains Fno

Lic Blog

UltraTech - 4-5 attempts at that 3400-3450 mark.

UltraTech

Titan --- Can it breakout above 380

Titan

Power Grid --- Now thats been a long time since it had last seen 160-165. Will this be a new breakout into all time highs ?

Power Grid

Motherson Sumi -- 5-6 attempts at that 305-310 range.

Motherson Sumi

Mahindra and Mahindra --- 1400-1420 a prob for last 2 years.

M&M

ITC --- After a quick move now struggling at 365

ITC

Indian Oil --- In the OMCs has been a laggard. Can it pick up steam above 440 ?

Indian Oil

Divis Labs --- Not close to that 1200 mark but very resilient given the cracks in other pharma stocks.

Divis Labs

Dabur - Stock almost at new all time highs. Whatay move from the lows.

Dabur

 

 

 

 

 

 

 

 

 

Please do your own research and risk management.

 

Technical Analysis Training Mumbai

Date:
23rd and 24th July

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 4000    

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 4000.

(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 15-30 participants.

No Conditions apply. You can also directly come at the venue if seats are left. Confirm via e-mail .

Registration and Payment Link - https://www.instamojo.com/entrepreneur987/technical-analysis-training-july-23-24th-mum/

Nooresh Merani

Securities covered above::  LIC Housing Finance, UltraTech, Titan, Power Grid, Motherson Sumi, M&M , ITC, Indian Oil, Divis , Dabur

SEBI Registration disclosure – Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts do not 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 2753 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.