Technical Analysis of Indian Equities by Nooresh


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Stock Specific Updates…

In Sensex Technical VIew

We have presented a view on some of the stocks mentioned below. Important Technical levels are mentioned with Targets and major support levels. Click on the link below to see charts and targets.

Panic has No Logic… Wait and Watch for oversold zones to review.

Over the past few days the cracks in the Broader Market has hurt lot of investors/traders. But we have been finding some hope with index still being above 4700. ( this is untrue ) Broader market is at 3800 and 13000 levels. ( look at this image - - [...]

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 [...]

Nifty and Sensex – Stop Guessing the Bottom !!

Of late many of us have been talking about the Index and a good feeling comes is that Nifty and Sensex have just fallen 25% since 2008 or 2011 highs which is not really bad.   Everyone around the street is taking their best guess on the where would Nifty/Sensex [...]

Sensex – In Investment Zone Buy staggered in Quality Stocks !!

Although i have been consistently posting about staggered buying and then updating to book the same in the past many swings in the market but today will try to look into a simpler chart on weekly basis. If we look at the chart we have lot of supports at 15400 [...]

Sensex testing recent bottoms of 15800. View remains to buy staggered on sharp declines.

  Time-Wise correction so be stock specific.  Recent bottom tested at 15800. Important support levels remain in the zone of 15400 ( + - 200 ). View remains to buy staggered but quality stocks. First signs of turnaround would be when we see a close above 17300 levels.     [...]

USD – INR and Sensex co-relation indicates – Time to buy the Panics

In Sensex Technical VIew

USD – INR – Nearing major resistance and now near 2001     USD-INR after making multiple bottoms at 43.8 zones gave a breakout above 45 recently and has spiked up sharply. The target projection for such a breakout would be 49 in short term which has been reached. At [...]

Eicher Motors – Another strong breakout – Accumulate. Sensex range bound for now.

    Eicher Motors – Stock has hit 52 week highs in falling markets :) which clearly shows the strength. Accumulate on every dip stoploss 1300 medium term target price 1600-1700.   Disclosure: We have a buy on Eicher, Berger and other stocks discussed and will be from a little [...]

Sensex Technical View and Technical Charts of Jain Irrigation, Deepak Fertilizers and TVS Motors.

Jain Irrigation -   A nice triangle pattern waiting for a breakout above 180 levels. Can jump to 200 + in short term.   Deepak Fertilizers - Yet another fertilizer stock which is shaping up nicely for short to medium term. The others we are recommending is GSFC and Chambal. [...]

Sensex – Short Term Bottom in Sight, Bounceback on Cards.

Hi,   This is a detailed update on the current market scenario with our favorite stocks. In our previous updates a couple of weeks back at 5400-5100 we had mentioned one should at least keep 50% cash.   We consider the next few weeks would be a good time to [...]