Technical Analysis of Indian Equities by Nooresh

Nifty back to Breakout Re-Test. 15 Interesting Large Cap Charts

Nifty Trendline

Nifty Technical View

  • Cluster of supports at 10140-10200.
  • Last two tops around 10140/10180.
  • Couple of candle stick lows at 10120.
  • The short term trend changes to down only on breaking the trendline support at 9900.
  • Last major bottom at 10500.

Asian Paints

Asian Paints - 1120-1150
important supports

Axis Bank

Axis Bank - Sustaining 560 would imply a major
trend change.

Bharti Airtel

Bharti Airtel - Leadership established after a 8-10
year hihg. 450-490 a zone to accumulate ?


BPCL --- Supports no at 470-480


EMAMI - Another FMCG in a strong trend


HDFC Bank - Trend will change
to down on breaking 1750


HDFC Limited - Will it get out
of the 1620-1800 range ?


Indiabulls Housing - Topped out ?
A sustaining move below 1100-
1150 can change the trend.

Kotak Mahindra Bank

Kotak Mahindra Bank - 970
an important support !!


L&T - Setting up for
being a leader ?

Mahindra and Mahindra

Mahindra & Mahindra - Another Auto
coming on the breakout radar


SBI - 350 a resistance of 7 years

shriram transport

Shriram Transport - Near a 2 year resistance


TCS - At a 2 year resistance.


ZEE -- 550-560 a strong
resistance. Can it breakout ?


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Financial Interest:  All the stocks mentioned above

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Article by Nooresh Merani

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{ 1 comment… add one }
  • Pratik December 2, 2017, 19:58

    Is This A Head And Shoulder Pattern In Asian Paints??
    Is It A Signal Of Caution??
    What Are Exit Points According To You???
    I Am Holding This Stock…50 Shares@877/-
    For A Long Term Perspective…But Should I Exit As It Head And Shoulder Is A Big Trend Reversal….Please Give Your Reviews….


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