Technical Analysis of Indian Equities by Nooresh


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Interesting Smallcap Technical investments – Liberty Shoes and Radico Khaitan

In Small Cap Coverage

Couple of interesting technical setups. Both Radico Khaitan and Liberty Shoes were bets which we traded from 150 to 170 and 105 to 125 previously.     Radico Khaitan –   Big cup and handle or channel breakout on weekly charts with volumes. Now retesting the breakout levels of 148-155 [...]

Sensex, BSE Midcap , BSE Small Cap , Dollex 30 Technical Charts and Retracement Levels.

    Sensex Technical View: -> The fibonacci retracements are placed as follows 38.2% retracement – 15500-16000. 50% retracement – 14500. 61.8% retracement – 13000.       BSE Dollex 30 This is a good indicator as the major inflows is through foreign sources. The index did not cross the [...]

Berger Paints – Accumulate for medium term target 120-135.

  Berger Paints –   Had recommended the stock in our detailed powerpoint as a good midcap pick, The stock has remained resilient in current markets and is on verge of a major breakout. Accumulate between 112-102 with a stoploss of 95 and target price of 120-135 in medium term. [...]

Apollo Hospitals and Ashok Leyland – Classic Trade Setups

  ASHOK LEYLAND — A good range setup watchout for a breakout move or can even trade the range of 23-27.     APOLLO HOSPITALS – Had earlier posted this chart a few days back – CHART The stock is now set for a fresh move to 600.    TECHNICAL [...]

Technical Picks – BPCL , Aditya Birla Nuvo

    BPCL – Continues to face resistance at 680 levels. Sustaining above it with volumes can give a quick move to 720 +     Aditya Birla Nuvo – This has been one of my favorites recently with a medium to long term view. Would maintain my short term [...]

Berger Paints – Interestingly poised for medium term.

    Berger Paints  The stock has been trending well. It has not moved much in comparison to other stocks of the sector. Seeing first signs of buying today. If continues to close above 105-107 for a few sessions the stock can do 115/125 in short term and much higher [...]

Stock on Radar — Piramal Glass

  Piramal Glass The stock is making an excellent inverted head and shoulders/cup and handle with multiple tops in the range of 138-145. A breakout move above 142-145 range can give a target price of 165 in short term and much higher in medium term.   Traders can keep a [...]

Strong Performance by Midcaps/SmallCaps

In the end of June i had posted this detailed article on how Smallcaps/Midcaps had been hugely underperforming and one should start focus on stock specific ideas which should give steady returns   Ever since then we have been focusing on smallcaps/midcaps with a view of getting smart returns. [...]

BSE SMALL CAP , BSE MID- CAP and SENSEX — Huge Underperformance

In Sensex Small Cap Coverage

  This is one of the most interesting piece of statistic and will clearly suggest how the market sentiments regards fundamentals or how the definition of fundamentals changes with liquidity.         If we were to look in the below charts BSE Mid Cap and BSE Small Cap [...]

Rumours, Sources, Unconfirmed, Delisting , Takeover, Stake Sale, Land Sale – First Leasing, Foseco, Raymond, Fresensius Kabi , BASF, Novartis, Century Textiles, FSL, Timken, Karnataka Bank , India Infoline the list goes on !!!

In the last few weeks we have been bombarded with rumours of all sorts. Every business channel, Blackberry messenger, Yahoo or any modes of communication is full of rumours. Even more interesting is the part of how creatively the rumours are designed :) on exciting words as described in the [...]