Titan double top target 680-572-543 weak below 930

Titan weak below 937 and 900 can touch 695-572
Results already out, nothing can save it, except a move above 1020

SBI HNS

Old hns big picture 1622-1562 broken supports
got retested now smaller picture hns breaks below 1368
Refer to old post:
http://fnocharts.blogspot.com/2008/06/just-charts-part-ii.html


Momentum will increase only below 1295
targets 1231-1165-1147-1100
panic low of july 1000 area ultimate target




P.S: Mind you I am bullish nifty 2950/2800/2600
These are humongous supports for nifty and we could get a 20-30% rally, I am bearish on sbi/tatapower.
Just be careful because a 'rising tide lifts all boats' to some extent anyway :)
2 more candidates for late lateef tops=hll/itc will post pics later.

Tatapower futures triangle upper TL res @ 800

HNS TARGET is around 620-560
old consolidations 660,570,508 (if tatapower had been trashed like nifty or rel it would be closer to 500 right now.


watch the res near 790-800 from the upper end of the triangle
Follow the technical levels
triangular action res: 800
my targets 670-600-550

tatapower p.e 20 ish
REL p.e 12 ish
tatapower bv: 426 ish
rel bv: 477
rel cmp 505
tatapower 790

i think the two will converge. only caveat: remember the saying the market can remain irrational longer than you can remain solvent.

Last excuse to short: bearish wolfe wave , though not a perfect one
Wolfe would predict a very sharp decline to 480 ish




Update:
Triangle developing as expected abcde all done now for breakout below 695-670 area
that will open up the targets of 567-565 and 527 (which is this triangle's technical target)

HDIL no idea about fundas but its breaking up.

technical breakout above 140/148
follow the action around 140-148 and try to play long.

looking for 175
HDIL, :17/10/08
Close: 125.65
T1: 136.158 T2: 157.707
T3: 192.865 1xR: 178.5
Tech Target: 190
Narrowsl: 101.00
WideSl: 76.97
SwingHigh: 139.8 CMP: 125.7
SwingLow: 89.5 SLPivot: 101.0
ImpulseTargetZone : 214.4-249.6
Lower Chan: 104.099 Upper Chan: 154.394
SupportLine: 104.099 ResLine: 126.799

Hindalco

4x earnings
birla group
book value 140
buy at 60-70 target 140 in 2-3 years
and maybe 200-210 in 5 if we get a boom in metals that early.

REL:Another large cap at book value: 477

Book value 477
Few years ago this stock formed a major bottom (All time low 360)
also happened to be near its book value at that time.

Granted fundas don't always work but they're much more likely to work with large caps than with mid/small caps.

rel eps=42
rock bottom valuations 420
as far as i know rel is flush with cash.

UMPP will require more cash but they've already done the rpower ipo for that so i'm guessing there is atleast a decent amount of cash with ambanis to execute a few power projects.

REL should head to 1000-2000 within 3-5 years