Technical Analysis of Indian Equities by Nooresh

Stocks on Radar–Pidilite Inds, Majesco , GSFC, Chennai Petro, Cesc Ltd

Pidilite Inds – A short term breakout.. Can it see a quick move ?


Majesco – Channel Breakout on cards. Signs of bottoming out ? Good volumes too.


GSFC --- One of our favorites in the Fertilizer Pack.

Strong base made at 115 with almost 4-5 bottoms. This is the 3-4th attempt at 140-143 in last few weeks. Can it breakout ? Encouraging volumes.

Do read our old Technical Traders Club note in January 2017 on Fertilizer Sector. 

Disclosure – Author and family owns shares in the stock.


Chennai Petro

Very strong volumes and close to breakout.

Chennai Petro

CESC --- Good base made and now a triangle consolidation. Breakout point at 980-990



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Securities covered above::

SEBI Registration disclosure – Investment Adviser ( INA000002991)

Financial Interest:  Pidilite Inds, Majesco , GSFC, Chennai Petro, Cesc

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

Article by Nooresh Merani

Nooresh has written 2670 articles.

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