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CONTENTS
OM METALS INFRAPROJECTS (HDFC)
SATYAM COMPUTER SERVICES (SATYAM)
STEEL AUTHORITY OF INDIA LIMITED (SAIL)
TATA CONSULTANCY SERVICES (TCS)
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 28: SATYAM Technical Indicators
Figure 31: SAIL Technical Indicators
Figure 35: SBI Technical Indicators
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
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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 |
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Upper 1 |
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Current Price |
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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 |
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Upper 1 |
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Current Price |
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Lower 1 |
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Observations
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Technical Analysis
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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 |
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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
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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 |
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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
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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 |
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Upper 2 |
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Upper 1 |
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Current Price | 59.45 |
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Lower 1 |
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Lower 2 |
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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
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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 |
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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
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Figure 40: TCS Technical Indicators
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-SANJEET S. PARAB
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