Technical Analysis of Indian Equities by Nooresh

Stocks on Radar–Alicon Castalloys, Asahi Songwon,Lumax Auto Tech, Simplex Infra, Vardhman Textiles.

In the last few days we have seen a slight correction in smallcaps/midcaps. Focusing on stocks which have consolidated in the same period and not really participated in last few months.

Will keep them on radar for breakout.

Alicon Castalloys

Trending up on the trendline.
Go bottom fishing or for a breakout above 600-620 ?

ASAHI SONGWON - Consolidating in a triangle.
Can it breakout above 350/365 ?
Asahi Songwon

LUMAX AUTO TECH - Breakout and sustaining around highs. Disclosure – The stock has been recommended in Technical Traders Club 

Lumax Auto

Simplex Infra – Consolidating around previous highs. Can it breakout above 590-600

Simplex Infra

Vardhman Textiles - Consolidating with hardly any range !!




Online Technical Analysis Training Session. 17th December
( Details of Webinar Links will be sent via mail )

Part 1 : Online Technical Analysis Training. Trainer : N S Fidai

6-8 hours.

Course Content

Section 1

What is Technical Analysis?
Do investors need to know about technical analysis?
Technical Analysis seems to be for day traders?
Can technical analysis be used for longer term analysis? Yes then how?
Section 2
What are Technical Charts?
What are candlesticks, bars, line charts?
Candlestick patterns which can help you find Tops and Bottoms in Nifty?
Section 3
Do moving averages work?
What are moving average crossovers and convergences?
Moving Average Pattern that points out big trend signals like 2004 election fall, Bull market start in 2005, 2009 etc.
Section 4
The Price/Volume Pattern which will help you never getting caught in a Satyam, Crompton or a falling knife.
Technical Indicators you must know out of the thousands.
The best technical indicator setup which always works on Nifty but comes 2-6 times a year.
Section 5
Technical Analysis Chart Patterns.
What the hell is Head and Shoulders/Cup and Handles and all sort of fancy names.
The technical chart pattern which finds you big moves consistently in midcap stocks.
One dreadful chart pattern which will save you from the collapse of 2008 or in Commodities.
An opposite to the above pattern which will help you allocate big money on turnarounds like 2009/2011.
Section 6
What is Risk-Reward?
A quick example on how to look for long term trend changes using Technical Analysis.
What are the free softwares, online websites. Reviews of various softwares.
Section 7
Additional Reading Material, Examples, Videos.
The Webinar Recording will be available on the website for next 3 months.
Part 2 Trainer – N S Fidai/Nooresh Merani
Recorded Webinar ( may also be live if possible)
1) Technical Analysis is not Just About Trading
· How to Invest Technically
· Investing at Bottoms - Technically Bottoming out Signals through RSI/Channels/Sentiments.
· Spotting Sectoral Leadership
· Increasing Cash on Topping out or Breakdown in Long Term Downtrends.

· Pros and Cons of being into Full Time Trading or even Part Time Trading.

· Trading Psychology.

2-3 hours.
Part 3
Question and Answer Session Trainer : N S Fidai /Nooresh Merani /Ankit Chaudhary

After 2-4 weeks of the first session a Q&A session for 1-2 hours.

Language of Communication – English/Hindi.
Trainers – N S Fidai and Nooresh Merani
Fees : Rs 8000

Payment Link - 



Nooresh Merani

Securities covered above:: all above

SEBI Registration disclosure – Investment Adviser ( INA000002991)

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 2696 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment