Technical Analysis of Indian Equities by Nooresh

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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 [...]

Ambika Cotton, Tata Motors, Vardhman Textiles, Fortis Healthcare, Avanti Feeds – Technical Charts

In Stock Technical View

Vardhaman Textiles Triangle breakout with volumes. Tata Motors Strong recovery from support zone. Small Flag Pattern can see further momentum. Fortis HealthCare - Good consolidation for last 1 year. Also a strong recovery from the recent lows. Can it breakout above 185 Ambika Cotton A long consolidation for months now. [...]

Reliance Communications – End of Story or New Beginning ?

In Stock Technical View

This has been one wealth destroyer for investors and even for traders with the volatility. At 50-52 today the stock is interestingly placed now. Reliance Communications Technical View In the last 3-4 years it has made bottoms at 46-52 zone in August 2012 / March 2013 / August 2015 and [...]

Technical Chart – United Spirits – Setting up for a Breakdown ?

In Stock Technical View

United Spirits has been in the news for so many reasons for last many months. Recently on ban in some states etc. Technically it is yet again getting back to a support area which has held up very well for last couple of years. Will this breakdown below 2260-2300 supports [...]

Technical Charts on Radar – Bharat Bijlee , Capital First, Cholamandalam, ENIL, Infosys etc

In Stock Technical View

In this post trying to list down some of the stocks which have seen following. Strong recovery from the recent lows and back to previous highs or 52 week highs. ( Have just skipped out Sugar Sector stocks in which many names like Balrampur, Dhampur, Eid Parry, Triveni and etc [...]

Technical Charts on Radar – Colgate , Hero MotoCorp, Maruti , KPR Mills & Welspun India.

In Stock Technical View

These are some of the interesting setups am looking at. Do not take it as a recommendation. Please do your own research and risk management. Colgate Triangle breakout but no major uptick in volumes. 960 a support. Recent highs at 1100. Hero Motocorp In a range for last 6-10 months. [...]

Technical Trading – Hits and a Miss. Last 15 entries in Big Value 3.0

In Stock Technical View

In this post I ll post some charts and how a trade was initiated. Some worked some did not. These are not recommendations and just for educational purpose. The post discusses some of the recent trades recommended in Technical Traders Club . I have vested interests in the stocks put [...]

15 Nifty Stocks – Range Bound but How Long ?

In Stock Technical View

In my recent tweets have mentioned about how a lot of star performers of 2014 and so called quality names are down 30-40% from peak and 1 yr return is closer to zero or negative. ( Aia Engineering , Astra poly , mayur uniquoters, symphony , sun pharma etc ) [...]