Technical Analysis of Indian Equities by Nooresh

Stocks on Radar–ACC, Vedanta, UPL,Piramal Enterprises,Motherson Sumi, Lupin, Indiabulls Housing,Havells, Container Corp,BEL & Ambuja Cements. Mumbai Training 2nd and 3rd February

In our last post we looked at how some heavy weights of Nifty were in a range. Out of those ITC and Infosys have given a clear range breakout on upside and others are in the waiting.

Similarly a lot of stocks in the Top 100 are in a tight range.

Some can give a move of 10-15% on breakout.

ACC – Triangle and a range of 1420-1550.

ACC range

Vedanta – No Follow up selling on new lows making a falling wedge. Reversal Confirmation above 205-210.


UPL – A strong base formation followed by a move back to 800. 3 tops around 790-795. A breakout can take it to all time highs.


Piramal Enterprises – 2400-2200 range.

Piramal Ent

Motherson Sumi – 145-175 range.

Motherson Sumi

Lupin – 800-850 range.

Lupin break

Indiabulls Housing – 770-880 range breakout can give a 10-15% move.

Indiabulls Housing

Havells – 660-710 range.

Havells break

Container Corp – Breakout above 700-710 can give a 10-15% bump up.

Container Corp

BEL – A long term trend change whenever it starts sustaining above 100.

BEL reversal

Ambuja Cements – A triangle 225-210.

Ambuja Cements


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Article by Nooresh Merani

Nooresh has written 2744 articles.

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