Thursday, November 26, 2009

2009.11.25- NeyV, Ommeinfra, Satyam, Sail, SBI, Tanla, TCS


CONTENTS


 


NEYVILI LIGNITE (NEYVILILIG)


General Information


Price Objectives


Observations


Technical Analysis


OM METALS INFRAPROJECTS (HDFC)


General Information


Price Objectives


Observations


Technical Analysis


SATYAM COMPUTER SERVICES (SATYAM)


General Information


Price Objectives


Observations


Technical Analysis


STEEL AUTHORITY OF INDIA LIMITED (SAIL)


General Information


Price Objectives


Observations


Technical Analysis


STATE BANK OF INDIA (SBI)


General Information


Price Objectives


Observations


Technical Analysis


TANLA SOLUTIONS (TANLA)


General Information


Price Objectives


Observations


Technical Analysis


TATA CONSULTANCY SERVICES (TCS)


General Information


Price Objectives


Observations


Technical Analysis



 


LIST OF FIGURES


 


Figure 20: NEVYLILIG 2004-2006


Figure 21: NEYVILILIG: 2007-2009


Figure 22: NEYVILILIG 2005-2009


Figure 23: NEYVILILIG 2008-2009


Figure 24: NEYVILILIG Technical Indicators


Figure 25: OMMEINFRA 2007-2009


Figure 26: SATYAM 2002-2009


Figure 27: SATYAM 2008-2009


Figure 28: SATYAM Technical Indicators


Figure 29: SAIL 2004-2009


Figure 30: SAIL 2006-2009


Figure 31: SAIL Technical Indicators


Figure 32: SBI 2002-2009


Figure 33: SBI 2007-2009


Figure 34: SBI 2008-2009


Figure 35: SBI Technical Indicators


Figure 36: TANLA 2008-2009


Figure 37: TANLA 2009


Figure 38: TCS 2006-2009


Figure 39: TCS 2008-2009


Figure 40: TCS Technical Indicators



 


NEYVILI LIGNITE (NEYVILILIG)


General Information


Industry: Electric Utilities


Index Membership: BSE 200, BSE PSU, Power


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=513683


 


TOP / STOCK ANALYSIS STATION / TECHNICAL ANALYSIS BASE HOME


Price Objectives
































Upper 3


190-195


Figure 21


Upper 2


180-185


Figure 21, Figure 22


Upper 1


160


Figure 22


Current Price


151


November 24, 2009 


Lower 1


147


Figure 23


Lower 2


135


Figure 22


Lower 3


100


Figure 22


 


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Observations


§        Figure 21


o        Ascending Triangle with a Price Objective of about 190-195. Will face resistance at 180-185 level


§        Figure 22


o        Major resistance at ~160 because the 50% confluence zone and a resistance level coincide at this level


o        Resistance at ~180: Flag Price Objective coincides with a resistance level and the 61.8% confluence zone


o        Major support at ~135 and ~100


§        Figure 23


o        Because of upside breakout from the ascending triangle on high volume, the likelihood of this breakout being a whipsaw is almost ruled out


o        Therefore, we can expect a significant amount of support at ~147


§        Figure 24


o        Neutral-Bearish Technical Indicators: MACD, RSI peaking and retracing, and DPO crossing below the signal line


o        Bullish: Slow stochastic is closer to the oversold region


 


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Technical Analysis


 


Figure 20: NEVYLILIG 2004-2006



 


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Figure 21: NEYVILILIG: 2007-2009



 


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Figure 22: NEYVILILIG 2005-2009



 


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Figure 23: NEYVILILIG 2008-2009



 


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Figure 24: NEYVILILIG Technical Indicators



 


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OM METALS INFRAPROJECTS (HDFC)


General Information


Industry: Construction & Engineering


Index Membership: BSESMLCAP


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=531092


 


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Price Objectives


 
































Upper 3


 


 


Upper 2


 


 


Upper 1


 


 


Current Price


 


 


Lower 1


 


 


Lower 2


 


 


Lower 3


 


 


 


Buy


 


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Observations


§        Figure 25


o        Observe the volume skyscrapers accompanying rallies


o        Accumulation phase: If you can wait for sometime, then buy with the pros


o        Watch the saucer pan out nicely


 


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Technical Analysis


 


Figure 25: OMMEINFRA 2007-2009



 


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SATYAM COMPUTER SERVICES (SATYAM)


General Information


Industry: IT & Consulting Software


Index Membership: NONE


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=500376


 


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Price Objectives


 
































Upper 3


 


 


Upper 2


 


 


Upper 1


 


 


Current Price


 


 


Lower 1


 


 


Lower 2


 


 


Lower 3


 


 


 


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Observations


 


 


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Technical Analysis


 


Figure 26: SATYAM 2002-2009



 


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Figure 27: SATYAM 2008-2009



 


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Figure 28: SATYAM Technical Indicators



 


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STEEL AUTHORITY OF INDIA LIMITED (SAIL)


General Information


Industry: Iron & Steel/Interm. Products


Index Membership: BSE 100, METAL, BSEPSU


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=500113


 


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Price Objectives


 
































Upper 3


295


Figure 29


Upper 2


260


Figure 30


Upper 1


202


Figure 30


Current Price


194.60


 


Lower 1


150


Figure 29


Lower 2


120


Figure 29


Lower 3


95


Figure 29


 


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Observations


§        Figure 29


o        2007 peak at ~295


o        Various support levels identified: 150, 120 and 95


§        Figure 30


o        SAIL is facing resistance as lies at the 61.8% retracement level (202) of the previous correction


o        A penetration above this level will set off bullish bells and we can expect SAIL to approach its 2009 peak.


§        Figure 31


o        Bearish Indicators: Overbought %D and RSI approaching the overbought region.


o        Neutral: DPO and MACD


 


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Technical Analysis


 


Figure 29: SAIL 2004-2009



 


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Figure 30: SAIL 2006-2009



 


 


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Figure 31: SAIL Technical Indicators



 


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STATE BANK OF INDIA (SBI)


General Information


Industry: Banks


Index Membership: SENSEX, BSEPSU


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=500112


 


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Price Objectives


 
































Upper 3


3215


Extensions


Upper 2


2970


Extensions


Upper 1


2574


Figure 32


Current Price


2305


 


Lower 1


2045


Figure 33


Lower 2


1925


Figure 33


Lower 3


1500


Figure 34


 


Upper 2: ((2574-891)*.236) + 2574 = 2970


Upper 3: ((2574-891)*.382) + 2574 = 3215


 


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Observations


§        Figure 32


o        As seen in this figure, a number of coinciding Fibonacci levels and support/resistance level make them reliable support levels.


§        Figure 33


o        Supports at 2045 (23.6%), 1925 (61.8%), 1500 (61.8% retracement) and 890


o        Triangle Apex: 1665


§        Figure 34


o        Triangle apex has formed. Thus we can expect something drastic to happen soon. Either a ferocious rally or correction.


§        Figure 35


o        Technical indicators are slightly bearish.


o        DPO crossing below the zero line; RSI approaching the signal line; Bearish MACD crossover


 


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Technical Analysis


 


Figure 32: SBI 2002-2009



 


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Figure 33: SBI 2007-2009



 


 


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Figure 34: SBI 2008-2009



 


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Figure 35: SBI Technical Indicators



 


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TANLA SOLUTIONS (TANLA)


General Information


Industry: IT Software Products


Index Membership: BSE 200, TECK, BSESMLCAP


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=532790


 


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Price Objectives


 
































Upper 3


 


 


Upper 2


 


 


Upper 1


 


 


Current Price


59.45


 


Lower 1


 


 


Lower 2


 


 


Lower 3


 


 


 


Buy


 


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Observations


§        Figure 36


o        Appears to be a saucer shaped recovery or a prolonged H&S pattern


§        Figure 37


o        The symmetrical triangle gives a buy signal


o        Furthermore, TANLA witnessed serious momentum on the right shoulder. High volume is accompanying rallies. This confirms the optimism.


 


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Technical Analysis


 


Figure 36: TANLA 2008-2009



 


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Figure 37: TANLA 2009



 


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TATA CONSULTANCY SERVICES (TCS)


General Information


Industry: IT & Consulting Software


Index Membership: SENSEX, BSE IT, TECK


BSE Link: http://bseindia.com/stockreach/stockreach.htm?scripcd=532540


 


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Price Objectives


 
































Upper 3


980


Extensions


Upper 2


865


Extensions


Upper 1


800


Extensions


Current Price


699.05


 


Lower 1


580


Figure 39


Lower 2


510


Figure 39


Lower 3


400


Figure 39


 


Upper 1: ((685-207)*.236) + 684 = 810


Upper 2: ((685-207)*.382) + 684 = 880


Upper 3: ((685-207)*.618) + 684 = 995


 


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Observations


§        Figure 38


o        Penetrated its 2006 peak


§        Figure 39


o        Supports: 580, 510 and 400


§        Figure 40


o        Overbought RSI and %D


o        Bullish MACD pattern


 


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Technical Analysis


Figure 38: TCS 2006-2009



 


 


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Figure 39: TCS 2008-2009



 


 


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Figure 40: TCS Technical Indicators



 


 


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-SANJEET S. PARAB


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