Technical Analysis of Indian Equities by Nooresh

Large Cap Charts–Breakouts in IT and Fakeouts in Banking

Banking and Financials are no more the leaders and very clearly some private bank breakout
moves failed miserably.
Axis Bank – Gap up and then Flop. !! 410-420 now a support.

Will it continue to play breakout and fakeout









ICICI Bank – 380-400 not able to sustain and now testing the support.









It will need to be seen if HDFC and Kotak Bank breakout or fakeout. Would not bet on the breakout.

Would expect the same whipsaws on both side like axis and icici.

Even if it does breakout would better give it a pass.

HDFC Limited – Yet again at 1900-1950.









Kotak Bank – Will it breakout the 1400 mark… Or just a fakeout.










IT Sector has been the clear leader with Infosys,HCL Tech and many others piercing through

resistances and all time highs easily.

The next flight to Safety – TCS Limited – Quite a few attempts at 2300-2350,

A breakout could be a trending move.









BAJAJ FINANCE – 3100-3050 a critical support.










Online Technical Analysis Course

This will be an interesting learning and interaction for anyone who already has technical

analysis experience.

Last day for Registrations would be 31st July for the August Batch.

ANALYSE WITH ME– A Practical approach to Technical Analysis

Analyse with me is an addendum to the Online Video Course that we offer where we share

our analysis of charts in a live webinar format (4 times in a month)

on End of day basis. The ANALYSE WITH ME session is also open to anyone who has already

learnt Technical Analysis from us or has good enough knowledge of Technical Analysis.

Ideal combination would be to take both Online Video Course and Analyse with Me session.

What are the Details

1) 2-3 Hour Recorded Session which is a summary of our approach to

Technical Analysis.

2 ) Analyse with Me – Live Webinar Sessions for 1 Month.

The webinar will be of 2 hrs each and 4 times in a month covering topics such as.

( Generally 1 on Sunday and 2-3 on Weekdays.)

  • How to analyse 1500 stocks in 2-3 hrs - scanning, watchlist, alerts, tracking etc
  • Trading Strategy & Psychology- how much to risk per trade, risk reward, targets, stoploss etc
  • How to identify a leading sector, sectoral allocation - equiweight indices, relative strength etc
  • Interactive with queries on chart patterns.
  • How to use various softwares in your daily workflow.
  • Learn how to use Technical Analysis practically with so many examples discussed

The motive of the session is to try making you independent in your own Technical Analysis approach

and also help us get better with you asking a lot of questions on the topics covered.

The big requirement is to keep asking questions and also share your perspective.

Fees = Rs 6000.

A new batch will start every month. So this is open for subscription till 31st July.

Limited Seats. Max 20.

It is open to anyone who has learnt Technical Analysis from us or has enough knowledge of the subject.

Idea combination would be to take both Online Video Course and Analyse with Me session.

Subscription Link -

Subscrption Link for Combo  -

Combo – Online Video Course + Analyse with Me Session – Fees Rs 12000 -

For any queries mail to or Whatsapp on 7977801488


Article by Nooresh Merani

Nooresh has written 2751 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 2 comments… add one }
  • BRAHMA July 29, 2020, 01:27

    Nooresh sir, in place of HDFC BANK Chart, you posted hdfc chart. this is for your kind information

  • Rahul July 29, 2020, 08:56



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.