Technical Analysis of Indian Equities by Nooresh


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Sector in Focus – FMCG – Hindustan Unilever, Godrej Consumer , Britannia, Marico & ITC Limited

In Stock Technical View

Over the last couple of years the FMCG sector has been in a consolidation and some of the names now seem to be hinting a possible breakout in coming weeks. Lets start with a view of the Index FMCG Index - Good Flag Consolidation in near term and consolidation after [...]

Sector Leaders near Breakouts – UPL Limited, GAIL India, Balrampur Chini, Atul Limited

In Stock Technical View

In this post we are looking at a few stocks which are either sector leaders/largest in terms of size in their sector and are very close to breakouts. Rest of the names in the sector have already done a great move over past few months. Will these stocks show leadership [...]

Stocks on Radar – Tata Elexsi, Petronet Lng , Orient Refractories, Mercator Limited, IDFC Bank and Ahluwalia Contracts

In Stock Technical View

Tata Elexsi Good price volume breakout today from a small compression of last few months. Can it see a follow up in coming days. Disclosure - It has been recommended in QuickGains Fno product.   Petronet Lng The last time the stock broke out but did not see follow up [...]

Tata Chemicals, Andhra Sugars, DCM Shriram, State Bank of India, Canara Bank , Bank of India – Stocks on Radar

In Stock Technical View

Just a few stocks which came up on radar - Closer to resistances or breaking out. Tata Chemicals - Lots of resistance around 580-600. Andhra Sugars - 10 year highs. Has always been cheap on a P-E Basis. Good track record of dividends. Underperformer in the caustic soda/sugar rally. DCM [...]

Fallen Angels – Suzlon, GMR Infra, GVK Power, DLF, Jaiprakas Associates, Ballarpur Inds & Unitech

In Stock Technical View

I am personally a bit sick of all those messages as to how if one would have invested 10000 rs in Infosys Wipro and it would be worth 100s of crores. It just makes it sound easy and makes people live in the hope with bad stocks. Or comparison how [...]

Stocks on Radar–Welspun Corp, Hinduja Global, Bombay Dyeing , LIC Housing, Adani Ports

In Stock Technical View

In this post we are trying to look at stocks which are close to a breakout or in a compression which is generally a Triangle Formation in Classical Technical Chart Patterns. In such a formation the importance of price and volumes confirmation is high. So do your own research and [...]

LargeCap Stocks on Radar – SBI, ITC ,Reliance Inds, HDFC Limited, Larsen & Toubro and ICICI Bank

In Stock Technical View

Taking a cue from the previous post here are some large cap stocks which are setting up around resistances with a lot of consolidation. When a bunch of these start breaking out is when we can confirm a breakout and a strong trend. SBI Multiple tops at 285-300. Quite a [...]

Exide and Amara Raja Batteries – Finally time for Exide Industries to play catch up for the underperformance ?

In Stock Technical View

Amara Raja Batteries and Exide Industries are two competitors in the same industry and there have been huge market share change in the product towards Amar Raja in the last few years. The same has been reflected in the Price moves. AmarRaja Batteries went up 10x in 2011-2015 and Exide [...]

Rice Stocks- KRBL, LT Foods ( Daawat) – Example of Momentum in All Time Highs

In my previous post on #Fertilizers had mentioned another sector which looked interesting was - Rice. Also had tweeted about the same #Rice and #Fertilizer stocks are making strong breakouts. Is there a trend starting across the board in them ? - Discl - Holding bias — Nooresh Merani (@nooreshtech) [...]

Stocks on Radar – Camlin Fine , Coromandel International, EID Parry, Exide Inds, ITC Limited , Savita Oil, Vinati Organics

In Stock Technical View

In this post we are focusing on stocks which are on verge of multi-year highs or have already done so recently. I have mentioned in numerous posts the importance of focusing on multi-year highs/ life-time highs to find leadership stocks and sectors. Highlighting some of the stocks at 2 -8 [...]