Technical Analysis of Indian Equities by Nooresh

Stocks on Radar–Srikalahasti Pipes, Hikal, Emmbi Inds , Apl Apollo, Texmaco Rail

A quick update on the BSE Smallcap and Nifty Smallcap Indices.

Range Smallcap 100 Nifty

Nifty Small 100 bouncing back from the bottoms made in October.

Range Smallcap

BSe Smallcap Index – Breaks the low of October and bounces back into the range.

It is too early to see a reversal in Smallcap Indices but stock specific action could be seen.

Seeing a lot sideways consolidation in many stocks. Sharing some examples which are on radar. There could be many more. Some like smallcap sugar stocks – Dalmia , Dwarikesh, Avadh are fresh breakouts.

Sripipes

Srikalahasti Pipes – Sustaining 190-200 can give an upside to 250 + . Stoploss 170-175. Good promoter buying as per insider trading disclosures.

Hikal

Hikal Limited – Good base at 140-150. Momentum above 165. Can be a pre-emptive buy with stops at 140.

Emmbi

Emmbi Inds – Sustaining above 130 with vols can target 160-180.

Apl Apollo

Apl Apollo – Sustaining above 1180-1200 with volumes would be a reversal. Can target 1500.

Texmaco Rail

Texmaco Rail – Sustaining 61 would be first indication of trend finally changing.

Will be a speaker at DECMA Conference on March 2-3rd 2019 in Pune

The agenda and more details- https://www.definedge.com/conference/ 

Technical Analysis Training Bangalore – March 16th and 17th

Date:
16th and 17th March
Timings:
9.30 am to 6 pm

Venue :

to be confirmed soon

Fees

Rs 16520 ( 14000 + 9% CGST and 9% SGST ) ( No Discounts )

Registration and Payment Link

https://www.instamojo.com/@analyseindia

Bank Account Details for Payment

ICICI BANK ACCOUNT DETAILS

Account Name - Nooreshtech

Account no - 041205000842

Bank - ICICI BANK

IFSC CODE – ICIC000412

More course details - http://www.nooreshtech.co.in/technical-analysis-training/classroom-training

Planning a session in Pune on March 30-31st . If interested mail to nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2719 articles.

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