Technical Analysis of Indian Equities by Nooresh

Laggards–SBI , PowerGrid, Siemens, Axis Bank, ICICI Bank –Bounce on Cards. ITC and Godrej Consumer to catchup ?

SBI – Climbs above the 200-203 mark. A follow up could give a bounce to 220/250. Strict stops at 196-198


PowerGrid – Finally getting out of the Triangle above 183 can give a surprise move.


Siemens – 1180-1200 again


Axis Bank – Last few days range to break and then 485

Axis Bankk

ICICI Bank – back at the 380-400.


ITC Limited – Time to play catch up with FMCG. Breakout if u adjust for dividends.

ITC Limited

Godrej Consumer – This seems very interesting. Setting up for a big breakout.

Godrej CP b;log

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Article by Nooresh Merani

Nooresh has written 2774 articles.

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