Alpha India EE – M&M

Prices bounce back from previous W wave highs. Daily RSI momentum also turns back from the oversold territory and breaks above 40. We are now looking at a potential retest of mid channel and 0.618 key Fibonacci resistances at 740 levels in a second corrective wave up. The alternate view (red) suggests an incomplete correction with a pending Z wave up. Above 740 alternate strengthens.

Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.
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.