Technical Analysis of Indian Equities by Nooresh

Smallcap IT Charts–Oracle, Newgen, Datamatics,Zensar, Sasken

After the large cap IT it seems a lot of smallcap IT names could also surprise on the upside. Posting a few charts quickly.

Disclosure – Some of these names have been recommended in Technical Traders Club 

Oracle Financial Services – Multiple attempts at 3250-3300

OFSS

Newgen Soft – 250 a resistance.

Newgen

Datamatics – Quite a lot of cash and pretty cheap. 90 a major resistance.

Datamatics

Sasken – Nearing a 2 year resistance.

Sasken

Zensar Tech – 2 year resistance at 200-210. Interesting company with a longer term perspective to study.

Zensar Tech

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Article by Nooresh Merani

Nooresh has written 2774 articles.

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