Technical Analysis of Indian Equities by Nooresh


Reliance Inds,City Union Bank and Mic Electronics







TECHNICAL ANALYSIS TRAINING BANGALORE - OCTOBER 16-17 ( book your seats at the earliest)





Article by Nooresh Merani

Nooresh has written 2801 articles.

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{ 23 comments… add one }
  • shivaji October 12, 2010, 08:52

    Dear Nooresh i have a query on Tata steel. As we discussed long back tata steel had broken its uptrend and its primary trend was down. personally i was expecting it to under perform and was under the impression that it may not cross 580 and now it is near its previous high of 700+. If i compare it with Reliance pack and real estate all of them are still trading way below (by 20-40%) from their previous highs (october 2009 or April 2010) . I had expected tata steel to trade below 700+ by 20-30%. Technically how do you see this situation. pl clarify me πŸ™‚

  • Siddharth October 12, 2010, 09:51

    Nooresh bhai,

    I have been waiting for ur training session in bangalore. I was happy to see the training session here but timing is of little concern. Durga pooja is celebrated in a big way here hope u wud have heard of mysore dussera festival and training falls exactly on the dussera festival days. Can it be postponed by a week if there is a possibility. Iam sure a lot of planning might have been already done but if there is a remote possibility do consider it. Thanks so much.


    • nooresh October 12, 2010, 12:19

      Hi Siddharth,

      Well its not possible to change the time and the training course timings are in the day from 09.30-6 pm.

      We do sessions out of Bombay only when we have a schedule free as its not always financially and physically viable to do courses out of mumbai. So look if you can make it to the session.



  • Murtaza Attari October 12, 2010, 12:03

    Yes Nooreshbhai … strong on RIL. have CA1020 since it was at 990 πŸ™‚

    Unitech looking strong too with tgts 100 and 110 respectively, can u post someting abt that?

    • nooresh October 12, 2010, 12:17

      Hi Murtuza,

      Cheers on making some money on it πŸ™‚

      Unitech we took a trade from 88 to 95.

  • sangram October 12, 2010, 18:40

    hi nooresh ji .i have bought easun and cub what price target can i expect within in 3 to 6 months.can this both be multibaggers so that i can hold on for next 2 to 3 years.

  • SRINIVASAN.G October 12, 2010, 22:41

    Dear Nooreh, when compared to Finolex Industries, Chemplast seems to be attractive. Can you see the tecnicals of Chemplast?. I need need your comments.


    • nooresh October 12, 2010, 22:50


      It needs to cross 10 levels..

  • sangram October 12, 2010, 23:42

    hi nooresh ji belated happy birthday

  • sangram October 13, 2010, 08:04

    hi nooresh ji .i have bought easun and cub what price target can i expect within in 3 to 6 months.can this both be multibaggers so that i can hold on for next 2 to 3 years.please comment

    • nooresh October 13, 2010, 21:32

      Hi Sangram,

      Both ar excellent long term picks

  • Chandan October 13, 2010, 15:52

    Hi bhai.. Your apollo hospital rocked.. Its 580:) almost 1200:)you rocked again.. So now sensex cross 20600 n closed above it.. Your views now

    • nooresh October 13, 2010, 21:31

      Hi Chandan,

      Its all about patience

  • Arun Karthik October 13, 2010, 16:47

    Hello Nooresh,

    I shorted Nifty today as it was exactly at the upper channel as suggested by you earlier.. What can I do now – Wait for it to come down substantially or average it on every rise till 21050 as SL?

    • nooresh October 13, 2010, 21:29

      Hi Arun,

      Its technically a short on rise but we got stopped out today !

  • natarajan t r October 13, 2010, 20:19

    Hi Nooresh,
    Today’s uptrend is a signal for sensex /nifty getting ready to move up from now on?

    • nooresh October 13, 2010, 21:29

      Hi Natarajan,

      Yes seriously surprising move. Got stopped out on the short trade ! although we had some nice trades before from 6220 all the gains got wiped of πŸ™

  • Nirmal October 13, 2010, 22:51

    Nooresh ji,

    You & shams…your team is just awesome ! You guys amongst the best ..I forsee that you guys will rock in India sooner or later, because the quality of analysis & calls are extraordinary.

    Kuds to you and shams !!!

    Hope to meet you guys sometime. I personally wish you & shams (and team) best of luck !!


  • Nirmal October 13, 2010, 22:52

    I meant kudos to you, shams and your team ..

  • Manish October 15, 2010, 16:01

    Can you please guide me on microsec finance , avon corp and xl tele ?

  • shekar January 1, 2011, 18:31

    Hi Nooreshji what is your view on Tulsi Extrusions, I have 3000 shares at the average rate of Rs.55.
    Please give some advice.


    • nooresh January 3, 2011, 22:14

      Hi Shekhar,

      Exit on rise


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