Technical Analysis of Indian Equities by Nooresh

Nifty 50 Chart Setups –ITC, HDFC Limited, SBI

Our previous post on Nifty 50 chart setups - http://www.nooreshtech.co.in/2019/03/nifty-calculator-march-2019-and-trade-setups-in-nifty50-top-weights-infosys-icici-bankhdfchdfc-bank-tcs-reliance.html 

HDFC Bank , Reliance and ICICI Bank have broken out and are on their way. HDFC Limited did pull up to 2000 on expected lines.

Now we see 3 more larger weights shaping up well for a breakout.

ITC Nifty

ITC

  • After a lot of bottoming out with multiple bottoms at the lower end of the trendline the stock is shaping up for a breakout above 300-302.
  • Can be a pre-emptive buy with a stoploss of 285 or buy on sustaining 302-304.

HDFC Limited 2010

HDFC Limited -

  • 4-5 attempts at the resistance of 2000-2010.
  • Sustaining above that zone could imply a move to 2200-2250 very similar to the move in HDFC Bank

SBIN

  • Lot of resistance around 305-310.
  • Sustaining above that can give a breakout move to 350.
  • A lot of PSU banks are close to a breakout apart from SBIN as well.

PNB

PNB – Short term breakout done – Major resistance at 100-105.

Syndicate Bank

Syndicate Bank – Multiple resistance at 40-42.

Canara Bank p

Canara Bank – Multiple resistance at 290-295

 

Technical Analysis Training Mumbai 

http://www.nooreshtech.co.in/2019/03/technical-analysis-training-mumbai-13th-and-14th-april-2019.html

Date:
13th and 14th April 2019
Timings:
9.30 am to 6 pm

Venue :

Hotel Karl Residency

36, Lallubhai Park Road
Andheri (W), Mumbai, 400058
Maharashtra – (India)

Fees

Rs 16520 ( 14000 + 9% CGST and 9% SGST ) ( No Discounts )

Registration and Payment Link

https://www.instamojo.com/analyseindia/technical-analysis-training-mumbai-13th-and-/

Article by Nooresh Merani

Nooresh has written 2755 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment