Big Movers Radar–ABFRL, Bata India, Bandhan Bank , Powergrid, Bharti Airtel and UPL

Nifty and Broader Market is holding on strong in a weak Global Environment.

In this case any bounce back any bounceback from oversold zones in US markets could be a time where stock specific moves can be big in Indian Equities.

A list of Midcaps and largecaps which are showing relative strength as well as strong technical formations.

Disclosure – Please do read the disclaimer. The author may have exposure and vested interests.


The Open up theme next

We had looked at the Opening up them as a recommendation in Technical Traders Club in Feb end.  A good to time to subscribe this service




Have booked out half in all above positions. But continue to like the theme on dips.

A related theme could be Retail and even up Commercial real estate like Nesco.

Couple of interesting charts.




ABFRL Blog 02n May

  • Good base at 260-280.
  • Multiple tops at 320-330.
  • Can eventually breakout. Good Risk-Reward here.

Bata India

Bata India Big Move

  • Retest of the big breakout done at 1700
  • The range continues to contract.
  • A big move into all time highs if it can cross 2000 with volumes.
  • Can pre-empt here with stops at 1900.


Bandhan Bank

A lot of MFI stocks have been showing relative strength.

An interesting sector to keep on radar.


Bandhan Bank 2nd May

  • Holding above the last highs of Jan Feb 2022.
  • Tight consolidation around the breakout.
  • Holding strong in a tough market.
  • Upside Breakout open till it holds above 320.
  • Watch for momentum on sustaining 340.


Two Large Cap Low Volatile Stocks.



Powergrid 2nd May

  • The largest weight in the PSE indices.
  • Retest of last breakout done.
  • Holding strong in weak market.
  • Bigger move above 235-237

Bharti Airtel

Bharti Airtel blog 2nd May

  • The stock has a tendency to go into sideways move after a breakout.
  • Good Consolidation done after the earlier big move.
  • Retest of recent breakout of 725 done.
  • Can eventually breakout above 780-784.
  • Can pre-empt here with a stop of 720.

1 Stock from the Large Cap space nearing 1 year breakout.


UPL Limited

UPL Limited Blog

  • Saw a deep hit in the Russia-Ukraine Conflict and a super fast recovery too,
  • In touching distance of the breakout.
  • Above 840-850 can blast.



Also do read our latest weekly newsletter. ( The Dow and Nifty part is very interesting.)

NooreshTech Weekly Insights – 29th April 2022

1) Insider Trading Alert

2) Dow and Nifty – Need not go Inline

3) Global Currencies

4) Post Covid World - Nasdaq outperformance fading ( Do read the Dow and Nifty part. Very interesting. )




1)  TECHNICAL ANALYSIS TRAINING MUMBAi – May 28-29     (Rescheduled.)

2 days

14-15 May 2022

Timing : 9.30 to 6 pm.

Max 10-12 participants

Hotel Karl Residency, Andheri, Mumbai

Rs 16000

Get access to the Online Tecnical Analysis Video Course for 1 year for free.

Content -

Payment link to register:

For any queries email , Whatsapp 7977801488 or call 9833845334 Harsh

2) FY22 Performance Update – Technical Traders Club

The Recommended one for most readers.

3) Job Opening at NooreshTech

We are looking out for a Full-time role with NooreshTech Please read the details carefully and send your CV to Also, interested candidates please read about our work on

Also if you would like to join our team and have interesting ideas do mail.


Post navigation

1 Comment

  1. Abhay Pawaskar
    May 3, 2022

    Want to study TA course


Leave a Reply

Your email address will not be published. Required fields are marked *

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