Technical Analysis of Indian Equities by Nooresh


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TRF – Setting up for a long term breakout

TRF Technical View A short term triangle breakout seen above 390-400 mark. Multi month resistance at 450. Sustaining above that will be a long term breakout. Can call it a cup and handle or a rounding bottom. Will it be a fundamental turnaround in next few quarters or is the [...]

MRPL – Cup and Handle Breakout

Technical View on MRPL A huge cup and handle pattern with 75-78 as a resistance band. A sustaining close can lead to a fresh start of a trend. Size of the pattern – 20/45 points. Good volumes in last few weeks.           Nooresh Merani Securities covered [...]

TV 18 Broadcast – A stiff resistance at 40-42

TV 18 Technical View For the last 2 years or more the stock has made 4 attempts at the resistance of 40-42. A cup and handle formation can be clearly seen. Lower trendline support did hold up well. A break beyond 40-42 can trigger a fresh uptrend. Cup size is [...]

Coal India – Will it breakout above 5 year highs?

Coal India Technical View Post the IPO the stock made a high at 420-425. Post Indian Elections it made a top around 420-425. The stock has given a breakout on a short term basis above 395-405. Its been 5 years and the stock has not been able to breakout. Looks [...]

Technical Charts – Camlin Fine Sciences – Triangle Breakout

Camlin Fine Sciences Triangle formation for past 3-4 months. A move beyond 100 confirms a breakout. Good volumes seen today. Disclosure : The stock has been recommended to our advisory clients. MRPL Technical View Cup and Handle Breakout. Pattern size of 30 points. Disclosure : The stock has been recommended [...]

DISH TV – Cup and Handle / Consolidation.

DISH TV TECHNICAL CHART DISH TV -> Technically the stock has always faced a lot of resistance around 90 in the last 2 attempts. -> Also falls have been sharp after topping out. -> It would be a breakout above 90 on a long term chart. It can be called [...]

Nifty and 200 day moving average – Part 1

In Cup and Handle LEARN TA

  Before i start on this post let us first look into why people use 200 day moving average.   The basic premise of 200 days moving average was that there are around 200 trading days in a year. Over the last century it has changed to 250 days in [...]

JMC Projects – Major Rounding and Multi-Year Highs

  Continuing the series of following mutli-year highs and all time highs. JMC Projects   -> For the last 3-5 years stock has faced resistance at 200-220. -> A good rounding formation over the years and a breakout into multi-year highs. -> Strong volumes seen in the recent upticks. -> [...]

Future Consumer Enterprises Limited – Cup and Handle Breakout.

  Future Consumer Enterprises Limited -> The stock has formed a cup and handle pattern. -> Breakout confirmed above 15 with volumes. -> Recent lows at 13 should act as support. -> Pattern suggests upside to 18-20. Disclosure – Stock has been recommended and safe to assume vested interests. STANDARD [...]

Escorts – Cup and Handle Breakout

In Cup and Handle

  Disclosure – The stock has been recommended to clients at 150-152 today and previously also. Please read the detailed disclaimer –   -> A big cup and handle breakout with volumes. -> Size of cup around 100 points. -> Previous major top at 240 is the eventual target. -> [...]