Technical Analysis of Indian Equities by Nooresh


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Sensex – Continues to Drift lower but Broader Indices resilient

  Sensex Technical View – The markets after staging a good come back from 17800 levels are back to testing it. The supports for near term are placed at 17800-18000 levels and on the downside to 17300 levels. Although this may look like a head and shoulders with deeper targets [...]

Sensex – RSI positive Divergence, Reliance Inds a major trend decider.

  Sensex Technical View: This may not be a great indicator to decide trades but currently it is showing positive divergence which indicates the current drop below 18160 does not have the strength so one may be careful with taking shorts. Although holding above 18000 can give a spike up [...]

Quick Technical Charts – Maruti, Reliance Inds, Bank of India and Kesoram Inds

Maruti – Time for a dip it seems. Sharp traders can look for shorts on rise.   Reliance Inds : 1040-1055 remains a strong resistance band which if broken will take it to 1100-1120 giving a big push to the index.     Bank of India : After lot many [...]

Technical Charts – Reliance Inds, ACC Ltd, Axis Bank , Canara Bank and Crude Technical View

The latest update on Crude Technical View was posted on  Keep reading the above link and further updates on Analyse India Website for more information – It has all the details about our services too.     RELIANCE INDS : Needs to cross 1060 to head to 1100 [...]

Reliance Inds – Breakout but will see resistance at 1040-1050.

  Reliance Inds gave a breakout above 1009 and continued with the move even in this environment. ( Disclosure: Advised buying at 1005-1009 and RIL 1020 call at 19-20 levels which we are now booking till 1040-1050) It needs to be seen how Reliance Inds reacts after touching 1040-1050 levels. [...]