Technical Analysis of Indian Equities by Nooresh

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Stocks on Radar in Nifty 50 & Nifty Junior – TCS , Tata Power , Sail, Reliance Industries, ONGC, NMDC , Kotak Mahindra , HDFC Limited, Divis & Bharti Airtel

In Stock Technical View

  In this post we are focusing on stocks which are consolidating or very close to a major support/resistance levels. Some of these could give a breakout move going ahead in next few months. TCS --- Yet again at that 2750-2800 resistance.   Tata Power --- Very interestingly placed. 75-78 [...]

Reliance ADAG stocks breaking out – Reliance Capital, Reliance Infra, Reliance Power , Reliance Communications

In Stock Technical View

Few days back had put a tweet on how Reliance and Reliance ADAG stocks are seeing action and is this an indication of top or momentum ? So finally the #reliance and #reliance #adag stocks seems to be seeing action... Been laggards for long .. Signalling a top or momentum? [...]

Technical Breakouts – Apar Inds, DCW , GIC Housing Finance, Garware Wall Ropes, KPR Mills, Banco India & Carborundum Universal

In Stock Technical View

In todays post we look at some smallcap stocks which are on the verge of a breakout or already given a breakout into all time highs / short temr range breakouts. Please do your own research and risk management. Also read the disclaimer . GIC Housing Finance A good cup [...]

Stocks Near Resistances – LIC Housing Finance, UltraTech, Titan, Power Grid, Motherson Sumi, M&M , ITC, Indian Oil, Divis , Dabur

In Stock Technical View

  In todays post looking at a few stocks which have been range bound or consolidating at resistance levels. Focusing only on Nifty 50 and Nifty next 50 stocks. In previous post we had looked at Stocks on Supports but I personally prefer trading breakouts and momentum. Lets see which [...]

Stocks on Supports , Will they Hold or Breakdown? United Spirits, Sun Pharma, Reliance Inds, Idea , Rcom, Bharat Forge, Cadilla, Eicher Motors and Cummins India

In Stock Technical View

In todays post looking at a few stocks which are standing around support levels. Focusing only on Nifty 50 and Nifty next 50 stocks. The trend is down so its very tough to buy such supports unless one sees price action with volumes. At the same time if they breakdown [...]

Charts on Radar / Investing Lab Bangalore June 11-12 / Technical Analysis Chennai June 4-5

In Stock Technical View

  India Cements --- Can it breakout above 95-100   PI Inds --- Can it breakout above 700 Sterlite Technologies --- Can it breakout above 95 ?   THE INVESTING LAB --- JUNE 10-11 Bangalore The details of the course on the video below. https://www.youtube.com/watch?v=qucKuNs0CkU   Course Fees :Whatever you [...]

Interesting Technical Charts – Vesuvius India, Venkys India, Suprajit, Jamna Auto, Himatsingka Seide,KRBL, KPR Mills, Deepak Nitrite and DCW

In Stock Technical View

Just posting a few charts which are interestingly placed around resistance levels. On radar for possible breakouts and confirmation. Vesuvius India --- At a 2 year + resistance.   Venkys India at a 5 year Resistance.   Suprajit Engineering - Range Breakout   KPR Mills --- New all time Highs. [...]

ONGC – Bottomed Out and Trend Change to Up !

In Stock Technical View

ONGC Technical View It was in a consistend downtrend with lower tops and lower bottoms. A pretty long falling wegde or triangle formation breakout. Also lot of recent tops at 220 have been crossed. This indicates a change of trend with supports at 220/211. Upside resistances at 245-250 and 270. [...]

NCC – Triangle Breakout after 4 attempts

In Stock Technical View

  NCC Technical View 4 attempts at the trendline shown by arrows. Yesterday the stock broke out above 77-78 resistance. Will this lead to a strong trending move ? Disclosure - The stock has been recommended in Technical Traders Club at 77.5-78 . Nooresh Merani Securities covered above:: NCC SEBI [...]

DLF – Will the Downtrend Reverse Going Ahead ?

In Stock Technical View

This is one stock and sector which i have tried to avoid for very long but for now the formation looks pretty interesting. DLF Technical View The recent bottom was at the channel lows. The downward channel resistance has been taken out in last few sessions. It can even be [...]