Technical Analysis of Indian Equities by Nooresh


Technical Picks for Short Term – ACGL, Videocon, Uttam Galwa, Valecha Engineers, Indo Rama Synthetics, Mphasis, Rane Brake

Automobile Corporation of Goa:

Another excellent Auto Ancillary pick which was not discussed till now as it was a client recommendation ( Earlier one Autoline Inds 140 to 200 , Motherson 155 to 190 were given to clients in similar manner in Delivery Gains Scheme)

The stock gave a good breakout around 320 and is now consolidating. Stock should soon breakout above 400 to give a quick move to 450 where we would look to book half or more. 


Videocon Inds:

The stock is making an excellent Cup and Handle Pattern on Weekly Charts.

Closing above 275-277 could take the stock to 350 levels in short to medium term.

Market Buzz suggests some demerger talk for many months - Will it Come ?



Its almost been a year since Lakshmi Mittal took a stake in this co. Since then there has been no effect on the stock. Is it time for it to catch up ?

Technically a stronger upmove could come on closing above 142-145.

Well for us it was recommended at 122-125 levels in Delivery Gains product. Will keep booking profits on further moves maybe hold for larger tgts πŸ™‚



The stock has been consolidating for a long time in this tight range of 20 bucks.

Will it see quick move to 225 in near term. Possible on sustaining above 196-200






Yet another Textile Stocks which seems to be firming up.

Multiple Tops suggest an explosive move to 50 + is possible




Yet again another Auto Ancilliary looking similar to Motherson technically ( Check chart in ppt)

Investors with patience can buy with a target of 15-25%. Fundamentally excellent as per a brief look.



Nooresh                                                                  N S Fidai  09920120878

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For any more info mail to or call our Heads of Various Departments

Asif Poiserwala  09833666151 ( Do call him at the earliest for Advisory Services and get personalized service )

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Article by Nooresh Merani

Nooresh has written 2801 articles.

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{ 14 comments… add one }
  • Uma . September 7, 2010, 10:27

    sweet amazing .. love it ..

  • raj September 7, 2010, 13:57

    dear sir

    i want commodity calls have any plan for this. if yes than send………….


  • Mihir September 7, 2010, 14:14

    Nooresh bhai,

    uttam again rocking…yaar..
    amazing analysis

    My request for a session at Bangalore is pending for long …please arrange one.


  • Prasan September 7, 2010, 18:29

    Your calls are amazing. Your team is rocking. Even i would like to attend your technical training session to upgrade my existing knowledge on stocks & FNO. Please let me know, if you have any plans of visiting bangalore in near future.

    Others who are reading this, if you would like to attend one in Bangalore, then reply here ,so that Nooresh & team get a fair idea on how many are interested.

    • nooresh September 8, 2010, 18:57

      Hi Prasan,

      Call up Kazim 09821237002 or mail to . We would be coming to bangalore soon.

      • Prasan September 9, 2010, 01:22

        Thanks Nooresh. I am got in touch with Shams and through him Asif. Will be soon opening up an brokerage a/c with your team. Will get in touch with Kazim on the Bangalore Technical Analysis training.

        • nooresh September 9, 2010, 02:14

          Hi Prasan,

          Yes sure πŸ™‚

          Can contact the team for any assistance

  • satish September 8, 2010, 00:26

    i jus need a clarification, the above mentioned stocks were not recmonded via SMS, is that i need to check the update everyday on the wesite too.???

    Thanks N Regds

    • nooresh September 8, 2010, 18:57

      Hi Satish,

      Keep reading the blog. We have selective picks on SMS :0

  • Ashfaque September 8, 2010, 15:36

    dear nooresh,off late confidence petro is buzzing a lot.can u please give detailed tech and funda analysis of the co. can it be a multibagger in long term


    • nooresh September 8, 2010, 18:56


      Avoidable story – COnfidence Petro

      • Amar September 8, 2010, 19:45

        Hi, Nooresh,

        Request your views on JOCIL (Listed on NSE) . I feel its consolidation well between 400-415 levels.


        • nooresh September 9, 2010, 02:16

          Hi Amar,

          Its an investment bet low risk low returns

  • ashish b soni September 9, 2010, 15:08

    bought indorama@42.65,,anslbuil@84.7each 100,should hold for trgt,pls. guide me.


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