Technical Analysis of Indian Equities by Nooresh


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Sensex, BSE Midcap , BSE Small Cap , Dollex 30 Technical Charts and Retracement Levels.

    Sensex Technical View: -> The fibonacci retracements are placed as follows 38.2% retracement – 15500-16000. 50% retracement – 14500. 61.8% retracement – 13000.       BSE Dollex 30 This is a good indicator as the major inflows is through foreign sources. The index did not cross the [...]

Panic coming in Midcaps/Smallcaps and Non Index Counters.

In Bse Midcap Bse Smallcap

Nifty is around the support levels of 5000 but we have seen some serious signs of panic selling in lot of midcaps/smallcaps which have knocked of 20-50% of their value in less then a week.   This sort of selling was not seen in drops till now. Although this implies [...]

Godrej Inds – Low Downside Risks– Huge upsides in Long term – An important pick for a long term portfolio.

  Over the past many months we have been recommending Godrej Inds at 185-200 levels as well as had many trading positions in it in this range of 185-240.   But lets look at a little longer time horizon on the stock and possible reasons for buying the stock with [...]

Escorts – Interesting candidate for Bounce Back

  Escorts — The stock has fallen sharply with no meaningful pullback. Closing above 76 opens up a move to 82 in short term and even 90-95 in extreme case.   Please do your own research as the stock is a volatile one. Disclosure: Have advised clients at 75.   [...]

Mcdowells/United Spirits – Major breakdown…

In Bse Midcap

  The stock has started a fresh downmove possibly to 650-750 levels.   Although we are having a short view this is just an update for people to avoid this falling knife.   Regards,   Nooresh

Berger Paints – Accumulate for medium term target 120-135.

  Berger Paints –   Had recommended the stock in our detailed powerpoint as a good midcap pick, The stock has remained resilient in current markets and is on verge of a major breakout. Accumulate between 112-102 with a stoploss of 95 and target price of 120-135 in medium term. [...]

Excellent moves in Chambal, GMDC, GSFC, Idea, ONGC, Sun Pharma, Bajaj Auto, Aditya Birla Nuvo,

In the last few weeks had posted many technical charts and we saw good directional moves giving a spurt of 5-10% in quick time.   Chambal Fertilizers – 108 to 116   GMDC – from 170 to 190 +   GSFC – 395 to 430   Idea 98 to 103 [...]

Chambal Fertilizers –Good Breakout on short term and very interesting on long term.

    Chambal on a short term breakout above 107-108 can give a target of 115 in near term.     On weekly charts we can see a perennial resistance in the band of 108-115. The stock may be on verge of a long term breakout which can even give [...]

Max India – A good Breakout

  The stock looks set for 210 + levels in short term.   Dislcosure: Have initiated a client call to buy at 191-192.   Also traders can keep a watch on GMDC if trades above 185 could give a good move to 200 levels.   For the index the view [...]

GMDC, GSFC and IDEA – Interesting Bullish Setups

GMDC — Super breakout can head to 200-250 in medium term. Short term target 190. Disclosure – Recommended at 168 and booked at 183 but looking at re-entry.   GSFC — A stock on radar for long term. Even chambal looks interesting in the fertilizer space.     IDEA – [...]