Technical Analysis of Indian Equities by Nooresh

Interesting Charts–Rallis India , GMR Infra and Eicher Motors/Motherson Sumi

The Midcaps/Smallcap Indices have crossed near term resistance and now knocking the resistance at the previous bottoms.

Time to look for stock specific action.

Dislcosure – Do your own research. Some of the stocks below would have been recommended to clients and we have vested interests.


Rallis Blog

Rallis India – Good base formation for last few months and now breakdown above 165.

GMR Infra blog

GMR Infra – Good base at 14.5 and now breakout done above 16.2-16.5

Tata Motors – Posted yesterday has done a good bounce.

Couple more oversold names in Auto space look interesting.

eicher motos blog

Eicher Motors – Finding support at 2016 lows.

Motherson Blog

Motherson Sumi – Double Bottoms Reversal.


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