Technical Analysis of Indian Equities by Nooresh

HDIL , India Bulls Real Estate and SBI



SBI ---


The stock has been a favorite and have been suggesting a buy on dips to 1800 for quite some time. FInally the stock has broken out above the resistance of 1950. Can take it to 2050-2100.

Stoploss 1880.




HDIL --- The stock can give a sharp move above 102-103 to 115.


High risk high returns

Indiabullsreal esatet


India Bulls Real Estate


This is one of my recommendations today on CNBC Bulls Eye program.

Breakout confirmed above 78 can now head to 90 also.


Disclosure: Have already recommended the above stocks at lower levels to clients.


Happy Trading ,


Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2807 articles.

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{ 4 comments… add one }
  • Aman Jain November 7, 2011, 00:59

    Hello Sir,
    would appreciate your views on IndiaBulls Finance, seems like convergance case to me.

    Kind regards

  • ANJALI November 14, 2011, 11:15

    what is ur current view on SBI
    After breaking 1950 it fell sharply
    I bought it at 1961 , what shall do ? average it at current level? or exit


    • nooresh November 15, 2011, 14:26

      Hi Anjali,

      I have remained bullish on the stock with a longer term view.
      But we may expect downside to be over around 1600 in worst case.

  • Jitendra July 24, 2015, 15:42

    Dear Sir,
    I am hold HDIL @ 90\-, what is your opinion on it.


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