Technical Analysis of Indian Equities by Nooresh

Stocks on Radar – Tata Elexsi, Petronet Lng , Orient Refractories, Mercator Limited, IDFC Bank and Ahluwalia Contracts

Tata Elexsi

Good price volume breakout today from a small compression of last few months. Can it see a follow up in coming days.

Disclosure - It has been recommended in QuickGains Fno product.

 

Tata Elexsi

Petronet Lng

The last time the stock broke out but did not see follow up and would have triggered stoplosses. Will it be able to take out the 410-415 closing barrier ?

Petronet Lng

Orient Refractories

Good consolidation in near term at 130-145. A little longer cup and handle formation. Can it breakout above 145 ?

Orient Refractories

Mercator Limited

A classical triangle formation with a breakout at 50. Consolidation of last 6-10 months. Can it breakout ?

Disclosure - Stock recommended in Technical Traders Club 

Mercator

IDFC Bank - A triangle compression. Can it take out 63-64 ?

IDFC Bank

Ahluwalia Contracts -

5-7 attempts on the trendline in 2 years. Can it breakout , given that quick attempts in last few weeks ?

Ahluwalia Contracts

 

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Nooresh Merani

Securities covered above:: Tata Elexsi, Petronet Lng , Orient Refractories, Mercator Limited, IDFC Bank and Ahluwalia Contracts

SEBI Registration disclosure – Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts d-0o 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.

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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

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