Thoughts on Technical Analysis

Technical Analysis for Shiva Cement

Hav a look on Shiva Cement Weekly charts, an inverted head and shoulder formation, still waiting for it to get confirmed. Pls leave ur comments as I'm quiet new to tech analysis.

Today only it hit 30/- and went dwn to close @29.85/-, presently it is in consolidated zone so better be away frm this stck, markets sentiments r weak and don't see any rally tht can make it to go above 40, but in some relief rally u can see the stock might touch around 38 or so odd levels. Odds r in favour of pulling the stck down to hit 27/- any close below 27/- gives it a traget of 22/- wch seems to me much favorable in present mrkt conditions.

[img=http://img262.imageshack.us/img262/2605/nagarjuname1.th.gif]

Show me a silver chart

Raj

Some nice analysis. Hope your posts will rekindle some interest in TA in the forum .

regards

interesting charts & analysis

Downward momentum is over (As shown by the custom indicator changing its colour from pink to black) though the trend is still down. Watch out for strong resistence of USD 14. At this level RSI may probably kiss the downward trendline and hence the chances of a breakout are lower. It'll be better to short silver at that level with a gr88 Risk Reward Ratio.

First target will be 12.5 (expectation of an inverse H&S) and the second target will be 10. (The Support trendline).

The alternate scenario is of a BO above 14 in which case the targets will be 16.5 and 18.5

Here is a chart of Rohitferro with some analysis behind...

Divergence on Rohitferro, Shrt term trgt can be 87/-

Wtch for this divergence formation as it can take the stck to 87/- and above levels...

[IMG=http://img357.imageshack.us/img357/2120/rohitferrwn1.png]

Re: Thoughts on Technical Analysis of TVS motor

TVS Motor can be bought on these level with 2-3 months time frane in mind to hav a profit % of apprx 20%. See the tech analysis given in the chart for details.