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.

 

For more about our advisory services

Customized Advisory Services- http://www.nooreshtech.co.in/quickgains-premium/platinum-plus

Derivatives - http://www.nooreshtech.co.in/quickgains

 

 

DISCLOSURE Nooresh Merani

Securities covered above:  All mentioned in the above post

SEBI Registration disclosure - Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts would 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

Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer

Article by Nooresh Merani

Nooresh has written 2755 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment