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.


Titan --- Can it breakout above 380


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.


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


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.











Please do your own research and risk management.


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

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Financial Interest:

Nooresh Merani and his family/associates/ analysts do not have exposure in the securities mentioned in the above report/article.

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Article by Nooresh Merani

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