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MEGHNA CEMENT:
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FUNDAMENTAL DATA:
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CATEGORY:     DA
FV:     10.00
ML:     100
NAV:     29.91
EPS:     7.20
EPS(2009):     5.87
EPS GROWTH:     22.66
NPAT:     161.96
NPAT(2009):     131.99
NPAT GROWTH:     22.71
LAST TRADE PRICE(27-01-2-11):     289.60
P/E:     40.22
PRICE/NAV:     9.68
ROE:     24.07
AUTHORISED CAPITAL:     5000.00
PAID UP CAPITAL:     225.00
PUBLIC CAPITAL:     63.00
LDIV:YEND:     35% : 1209
RTAG:     Q3

Comment:
Fundamental Strength: STRONG


TECHNICAL ANALYSIS:
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Price and moving averages:
MEGHNACEM has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.

Bollinger Bands:
MEGHNACEM has closed above bottom band by 43.5%.
Bollinger Bands are 48.1% narrower than normal.
The narrow width of the bands suggests low volatility as compared to MEGHNACEM()'s normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 32 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.

RSI
The current value for the RSI15 is   46.805
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.

Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.
Divergence:
The RSI and price are not diverging.

MACD
MACD Value:  -68.762, Signal Line:  -70.450
Crossovers:
Currently the MACD is bullish since it is trading above its signal line.
The MACD crossed above its signal line 0 period(s) ago.
Overbought/Oversold:
The MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.

CAUTION: This commentary is not a recommendation to buy or sell. Use at your own risk.

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meghnacem er current situaton ki.