Technical Analysis of Indian Equities by Nooresh

Eicher Motors – Another strong breakout – Accumulate. Sensex range bound for now.




Eicher Motors – Stock has hit 52 week highs in falling markets 🙂 which clearly shows the strength.

Accumulate on every dip stoploss 1300 medium term target price 1600-1700.


Disclosure: We have a buy on Eicher, Berger and other stocks discussed and will be from a little lower levels or closer to current market price 🙂




Sensex supports at 16200-16400. Resistance at 16800-17300. Long term supports at 15400-15600.

Article by Nooresh Merani

Nooresh has written 2808 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 2 comments… add one }
  • Arvind September 12, 2011, 21:25

    Just trying to learn your way of reading chart!
    Is there a breakout in Gitanjali gems.?
    kindly confirm.

    • nooresh September 12, 2011, 23:28

      Gitanjali is a breakout on charts but volumes are a bit dicy as well as the stock tends to give lots of false moves.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.