Technical Analysis of Indian Equities by Nooresh

Sector in Focus– Auto Sector and Auto Ancillaries

Nifty Auto Index

Nifty Auto Index Blog

Good base done at 10300-10500. Crossing 11200-11300 will be clear cut indication of becoming a leading sector.

Maruti and TVS Motors are in a strong trend but now Bajaj Auto, Hero Moto and Tata Motors can show leadership.

Tata Motors – A contrarian bet. Good basing out done. Can it breakout of the channel on the upside ?

Tata Motors Blog

Hero Motocorp – Retest of Breakout.

Hero MotoCorp Blog

Bajaj Auto – Breakout into all time highs.

Bajaj Auto Blog

A lot of Auto Ancillaries are also on verge of a breakout.

The leaders like Motherson Sumi, Minda Inds, Lumax Inds, Gabriel India and many others have broken out and in a strong trend but the smaller names are also breaking out.

Just posting some of the charts from Auto Ancillary on close to breakout. Others which have already broken out may continue the trend like Rico Auto, Sona Koyo, Harita Seatings, Subros, PPAP etc.

Talbros Auto – Breakout and Retest Done.

Talbros Auto

Sundaram Brake – 10 year breakout. Earlier posted here the stock did a super move from 550 to 800

Sundaram Brake Blog

LG Balakrishna – A 2 yr plus consolidation.

LG Bala

Shivam Auto – 2 yr triangle breakout

Shivam Auto blog

Munjal Auto – 2 yr breakout from consolidation.

Munjal Auto blog

Munjal Showa – Breakout and retest done.

Munjal Showa blog

Lumax Auto Tech – Breakout from 2 yr highs.

Lumax Auto Blog

Disclosure – This is a biased view as some of the stocks covered above have been recommended in Technical Traders Club & Big Value as well as author and family may have positions.


Nooresh Merani

Securities covered above::

SEBI Registration disclosure – Investment Adviser ( INA000002991)

Financial Interest:  All the stocks mentioned above

Nooresh Merani and his family/associates/ analysts do have exposure in some of the securities mentioned in the above report/article.  ( Hikal Limited )

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 2684 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 1 comment… add one }
  • Anil October 15, 2017, 08:14

    Thanks for your analysis and great insights. Request you to place your thoughts on telecom sector in the immediate short term also. Is there any scope for share price improvement in airtel, idea etc
    Thanks in advance


Leave a Comment