Technical Analysis of Indian Equities by Nooresh


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Sensex needs to see a follow up move above 19600

Sensex Technical View: Yesterday we saw a nice Doji candle on the index closer to the 200 dema. Today we have seen a positive close but a similar pattern was seen a few days back to but no follow up. We may need to wait for a move above 19600 [...]

Technical Views – HDFC Bank, HDFC Ltd, IDBI Bank

Just a quick update on a few charts which look interesting.   HDFC Bank: The stock should get strong support in the range of 2130-2100. Can accumulate for a bounce to 2250.     HDFC LTD : Hdfc seems a strong bounce back candidate with multiple bottoms around 650. Keep [...]

Stock Technical Views – Review

Well out here i would not like to write a long post as people are not interested in reading about past recommendations but whats there for now and that is the approach which kills a trader or investor. One needs to look for consistency and justified trades :) else there [...]

Sensex – All set for New Year !!

Sensex Technical View: finally it seems Sensex seems to be setting up for a nice move in the next year. Currently if it is able to cross above 20300 wont be surprised to see a sharp move in near term with expiry around the corner.   Ideally a move above [...]

Holiday Mood on the Street !! –

Markets in Holiday Mood !!! --- Sensex Technical View: Currently the index seems to be in a holiday mood with no major moves on either side. We may expect the lacklustre moves to get over only if it is able to cross out of the range 19500-20300. Till then it’s [...]

Technical View: Siemens Long , Tata Motors Short

      FNO : Sell Tata Motors at 1333-1340 stoploss 1362 tgt 1300/1275. Buy Siemens at 796-799 stoploss 780 tgt 825.   This is the trade taken today. Wedding season,mumbai climate kept me busy and unwell so not been able to update much.   TECHNICAL ANALYSIS TRAINING   MUMBAI [...]

Technical Pick – Subex Systems

  Subex Systems: QuickGains : Buy Subex at 77-78 stoploss 75 tgt 85/90 in 2-3 weeks.   The stock has given a breakout above 77 levels today. Could see a good move to 90 in short term. The stock retraced 61% and has now consolidated for last few weeks. Accumulate [...]

Sterlite Inds – Small Breakout above 174.

After our last two trades on Tata Steel ( 650 to 675) and Hindalco ( 225 –232 ) the next in the bag is Sterlite Inds which has given a breakout above 174. Also Mphasis recommended at 657 is nearing 675 tgt. ACC got a stop hit of 20 bucks.

Sugars did 15% ! Hindalco watchout above 228-230

In the last updates had mentioned to shift from penny stocks and underperforming ones to sugar stocks. All the recommended sugars did a move of 8-15% in quicker time. Maintain the medium term outlook on the sector with a view to re-enter qty sold at current levels. Have advised booking [...]

United Phosphorous and Oswal Chemicals ( Bindal Agro ) – Technical View

  United Phosphorous: The stock is available at bottom of the channel and looks highly oversold. One can look for an entry on dips with a stoploss of 160-162 on closing basis. Good investment pick also but a slow mover. Low risk High returns. Bounce could go all the way [...]