Technical Analysis of Indian Equities by Nooresh


Stocks on Radar – Bharti Airtel , BEL, AIA Engineering , KPR Mills , Lupin , MRPL, Shemaroo, Shilpa Medicare , TRIL

Been on a break for a week or more and while going through charts found some interesting charts to be kept on radar.

These are not recommendations - Please do your own research and risk management

Bharti Airtel Blog

Bharti Airtel - Multiple bottoms at 280 and now crossing the recent highs around 330. Is this a sign of reversal or just another attempt at 360-380. ( Recommended in Technical Traders Club )


Bharat Electronics - Breaking out of a 2 yr range and all time highs. A lot of PSU names are breaking out ( another is Engineers India )

AIA Engineering

AIA Engineering - A cup and handle formation in technical terms or rather say 3-4 tops around 1350 in last 1 year plus. 1150-1350 the recent range of consolidation. Watch for a break above 1350.


KPR Mills

KPR Mills  - This has been a favorite stock in the Textile space not as widely tracked as the other textile company with K πŸ™‚ - The stock has been in a strong uptrend all through last 2-3 years.

Again making a fresh consolidation between 520-620 ( adj for split). Watch for a move beyond 640.

Disclosure - ( Recommended in Big Value and me and my family hold some shares - Please read disclaimer )


Lupin - Multiple Bottoms at 1400. Can it break above the multiple tops and resistance at 1550-1600 and change trend ?


MRPL - Another PSU stock which is now at a 6-8 years high.


Shemaroo - A breakout move done. A retest of 350-360 could be a time to watch out for.

Shilpa Medi 

Shilpa Medicare - A favorite among of a lot of investor friends. Finally broke out into all time highs but no follow up. A dip to 580-620 to watchout for.


Transformers and Rectifiers India Limited - Multiple tops at 380-390

Some Market Thoughts

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Nooresh Merani

Securities covered above:: Bharti Airtel , BEL, AIA Engineering , Lupin , MRPL, Shemaroo, Shilpa Medicare , TRIL

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

Article by Nooresh Merani

Nooresh has written 2717 articles.

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{ 1 comment… add one }
  • Hesh soni December 7, 2016, 11:55

    Having MRPL from 85 what to do now? Should hold or book profit.


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