BHARAT FORGE and SIEMENS

BHARAT FORGE Weekly. Prices bounced from anticipated confluence supports near 260 levels and are heading to a retest of key 300 levels. A break above respective levels would further confirm that the X circle wave correction down is complete and suggest further intermediate positivity ahead.
SIEMENS Daily. The alternate view on SIEMENS suggests a potential head and shoulders reversal formation with neckline levels near 860. Sub respective supports the head and shoulders target lies near previous lows at 780 levels. However, this remains a low probability scenario for now as the preferred view remains positive on the Indian market.

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Coverage India: CNX100 traded stocks and Indian Indices.
Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.