Technical Analysis of Indian Equities by Nooresh

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Stopped out !! … Now wait and watch

In Daily post

Sensex Technical View :There is a lot of technical speculation amongst market-men and analysts. -- > Some are speculating a possible head and shoulders in the making. But a HnS pattern is a reactive pattern which doesnt come into picture till the neckline is not broken. Otherwise every other pattern [...]

Time to be stock specific !

In Daily post

Sensex Technical View :The index has done the minimum bounce to the zone of 14900-15100 which is 61% of the current fall from 15600 to 14k. Now the next thing to watch is whether 15.6k is taken of and we go to 16k-16.2k or not !!! On the down side [...]

Above 14700… Need to see whether 15600 is conquered or not.

In Daily post

Sensex Technical View :Momentum line holds yet again !! Sensex has taken a smart move from 14k levels and now is back to 14700 +. The move has been on expected lines and as has been discussed extensively in the webinar we need to watch whether 15600 is taken over [...]

14700-14000 range needs to be broken for any conclusive move.

In Daily post

Sensex Technical View :- > As was mentioned in the webinar as well as in previous updates at 15.5k that index may test the momentum line. The sensex has tested the line couple of times in last few sessions. - > The range for now is 14000-14700. In the next [...]

Crude, Gold and Dow Jones Update

In Daily post

Crude Current View :The last update was around 54 giving a target of 68 in short term. The move has almost achieved the cup and handle target ( 34-54 =20 dollars ) ( 54+ 20 = 74 ) It would be difficult for crude to cross 75-78. A move beyond [...]

14650-14700 for now a good resistance….

In Daily post

Sensex Technical View :Sensex managed to move up slowly from lower levels but still not convincing enough. Till 14k holds one can expect a bounce to 14650/14900 in short term. Continue to wait and watch and be stock specific with strict stops. Stocks to watchout for :NTPC gave a smart [...]

14k holds up … Can we see some short covering…

In Daily post

Sensex Technical View :As one can see from the chart Sensex has finally touched the momentum line at 14k and staged a small intra-day recovery. The view earlier was to generate cash at 15.5k to a large extent. One can now look to deploy some amount of cash at 14.1k-14.3k [...]

Sensex 14k momentum line becomes important now

In Daily post

Sensex Technical View :The volatility in the index has definitely left a lot of us confused and that would continue in weeks to come with lot many external triggers namely expiry this week followed by Budget in July 1st week.Technically some things are more clear now. Index if stays above [...]

In Daily post

Sensex Technical View :- > This is in continuation of the previous chart which i had posted about the momentum line and ever since 8k-10k and this trend line has not been broken. So simply put the medium term trend remains up as of now. - > Its been observed [...]

Investors continue to stick to the cash generated… Re-shuffling fine.

In Daily post

Sensex Technical View :Ever since June 10th its been stated again and again about a possibility of a correction from 15500 and here we are close to 14k in no time. On the upside 14630/14930 would be a good resistance for now. Momentum trendline is now around 13900 and gap [...]