Technical Analysis of Indian Equities by Nooresh

HCL TECH and Aurobindo Pharma – Two Interesting technical charts



-> A nice triangle formation with a breakout above 810-815 levels can give a strong move to 850/880 levels in the short term.

-> Can be a buy on dips or in momentum above 810-815 sustaining. Stoploss 770.




Aurobindo Pharma -


-> In the short term on daily charts a breakout above 190-191 gives a target of 200-202 but the major consideration should be done once it starts sustaining above 205

-> A stock to keep watch. Above is a weekly chart.





Article by Nooresh Merani

Nooresh has written 2801 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment

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