Technical Analysis of Indian Equities by Nooresh

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Time to be Cautious on Pharma and FMCG

In Technical Analysis

The best recovery in the current move has been in Pharma and FMCG. This has always been the case in the first recovery after the downleg the defensives do really well. If the view is the current bounce should pause at 50% of the recovery say 10k max , pharma [...]

KRBL Limited–Pledged Shares selling creates a Bottom

In Technical Analysis

  Continuation from previous post – Insider Buying–A good way to hunt for Companies to Research. A small product offering designed by Harsh – Base Price min Rs 300 Rest – Pay as you want for next 2 months. Will decide cost as after improvisations as per feedback   – ( [...]

Insider Buying–A good way to hunt for Companies to Research.

In Technical Analysis

What is an Insider ? Insider Trading means trading in the shares of a company by the persons who are in the management of the company or are close to them on the basis of undisclosed price sensitive information regarding the workings of a company, listed on a recognised Stock [...]

Nifty at 5000 or 7500 on downside or 10000 or 12000 on Upside –Take Your Guess.

In Technical Analysis

There have been a lot of targets for Nifty across the board. Some will talk about 5000-7500 and some bullish will be at 1000-12000. In our last post we looked at how Broader Markets are very close to the pain as it had seen in 2008. Nifty Calculator – Download [...]

Equity–Never been so Bad so Quick. What Next ?

In Technical Analysis

The current move has beaten all historical records. Did not expect it to be 2008 but the ferocity of the move and the nature has broken 2008 records. The move is a case of liquidation and panic with no logic as there has been not even a few days of [...]

What Happens When Nifty is Highly Oversold–Opportunity for Medium Term.

In Technical Analysis

In our earlier post –S&P 500 and VIX–Fear at 10-25 Year Highs–Time to Buy and be Contrarian we looked at how US markets have priced in a lot of fear. Nifty had not hit oversold levels but now it has hit a RSI of 23-25 and is now Highly Oversold. [...]

Smallcaps showing Strength for the first time since 2018

In Technical Analysis

What is interesting in the current #mayhem is #SmallcapIndices have fallen in-line with the #Nifty. In earlier drops, we would generally see 1.5-2.5 x the Nifty moves in #SmallcapIndices. Look back into #smallcaps you liked and missed in December. Ever since 2018 the Ratio Chart of Smallcap/Nifty has continued to [...]

S&P 500 and VIX–Fear at 10-25 Year Highs–Time to Buy and be Contrarian

In Technical Analysis

Its been some time since have made a youtube video on the market condition ( 1st video in 2008( Major bottoms in S&P 500 made when CBOE Vix tops out at 40-45. 2-4 sessions a low is made or in next 2-6 weeks average. A lot of support price points [...]

Dow Jones & Nifty Technical View

In Technical Analysis

Dow Jones Technical View RSI and Dow Jones Daily Chart with price labels. Dotted Green lines show what happened when Dow Jones RSI dropped to 30 or lower. 2-3 close lines are positive divergences. In 2018 we bottomed out a few times around 30 RSI and had 2-3 bounces from [...]

Smallcaps on Radar–Niit Limited, Ceat Limited, Fairchem Speciality

In Technical Analysis

Disclosure – The stocks have been recommended to clients and vested interests. Please do your own research and risk management. Read the disclaimer and disclosure. NIIT Limited – A triangle breakout on cards above 110-112. Upside to 140 possible. Stops a little deep at 95-100 Ceat Limited – Breakout on [...]