Bharti. ANTICIPATED N HAPPENED
CHANNELS.INDIA.240609
SUMMARY: BHARTI DAILY (BRTI). ANTICIPATED AND HAPPENED “Prices are successively retesting true trendline supports. We need a clear break here for more negative confirmation. Key levels lie at 770.” HAPPENED. We now continue to look lower till psychological 700. MAHANAGAR TELEPHONE NIGAM DAILY (MTNL). Prices continued to push lower in the cycle. The current downmove seems impulsive and could push prices lower till psychological 80 levels. TATA COMMUNICATIONS DAILY (TATA). Prices are at key support levels at 450. A clear break below respective levels would push prices back to previous lows near 320. TATA MOTORS DAILY (TAMO). Prices are heading to key levels at psychological 300. ASHOK DAILY (ASOK). Time cycles and the negative moving average crossover continue to point lower. CROMPTON DAILY (CROM). Moving average crossover is ready to turn negative. BHARAT HEAVY DAILY (BHEL). Moving average crossover is ready to turn negative. LARSEN DAILY (LART). ANTICIPATED AND HAPPENED As anticipated, prices complete the five wave structure up near key 1,650 levels. Below key 1,440 levels we get more negative confirmation.
CHANNELS.INDIA is our second perspective product published on MONDAY, WEDNESDAY and FRIDAY. The report uses conventional technical tools and covers most top traded stocks. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.INDIA, CHANNELS.INDIA are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers the other mid cap and small cap stocks also. CHANNELS.INDIA carries the Early Economic cycle sector components, which includes FINANCIAL and DISCRETIONARY sector stocks, the Mid Economics cycles sector which includes INDUSTRIAL sector stocks and the Late Economic Sector cycle including ENERGY, STAPLES, UTILITIES, PHARMA, CHEMICALS sector stocks. REUTERS EARLY ECONOMIC RICS DLF.NS, HDFC.NS, HDBK.NS, ICBK.NS, SBI.NS, INFY.NS, TCS.NS, MAHM.NS, UNTE.NS, TITN.NS REUTERS MID ECONOMIC RICS ASOK.NS, TAMO.NS, CROM.NS, BHEL.NS, LART.NS, MTNL.NS, IDEA.NS, BRTI.NS, RLCM.NS, TATA.NS REUTERS LATE ECONOMIC RICS ONGC.NS, RLIN.NS, NTPC.NS, ACC.NS, HALC.NS, TISC.NS, ABUJ.NS, CIPL.NS, RANB.NS, ITC.NS