Channels.Ind – Early economic performance cycles

SUMMARY: DLF DAILY (DLF) Prices continue to hold key supports at 325 levels. RSI is heading to 40 supports, suggesting a potential minor positivity ahead. Performance cycles (right) also seem to be bottoming and suggest further outperformance of DLF for the weeks ahead. HDFC BANK DAILY (HDBK) After completing the minor impulse up, prices seem to be now in a corrective structure down. Key levels lie at 0.382 FIB at 1,650. Performance cycles are topping, suggesting an underperformance of HDBK in the weeks ahead. STATE BANK OF INDIA DAILY (SBI) Prices seem to be in a W-X-Y corrective structure. Key support levels lie at 2,100-1,935. Performance cycles are topping and are in sync with the extending Y wave scenario. TCS DAILY (TCS) Prices are completing the minor impulse up. Key resistance levels lie at 770. Performance cycles (right) are heading to a top, suggesting further underperformance of TCS in the weeks ahead. INFOSYS DAILY (INFY) Prices are pushing higher to complete the minor impulse up. Performance cycles are still topping and do not rule out an extension of the fifth wave up till key resistances at 2,720 levels.
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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
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