Channels.Ind – Early economic weekly perspective

SUMMARY: DLF WEEKLY (DLF) Prices continue to hold below 0.382 key FIB levels. RSI bounced back from 40 supports, suggesting potential minor positivity ahead. HDFC WEEKLY (HDFC) 30 weeks of sideways action. ROC continues to hold 0 supports. A clear bounce back from here would suggest positivity ahead. ICICI BANK WEEKLY (ICBK) Weekly moving average crossover is still positive. However, we need a clear break above previous highs near psychological 1,000 to look for any positivity. HDFC BANK WEEKLY (HDBK) Prices seem to be completing an intermediate (A)-(B)-(C) corrective structure up. Key resistance levels lie at 1,800. STATE BANK OF INDIA WEEKLY (SBI) The weekly perspective sees this as a completing intermediate corrective structure up. Key resistance levels lie at 2,500. The performance cycles (right) are topping and suggest a potential underperformance of SBI for the weeks ahead. INFOSYS WEEKLY (INFY) Prices seem to be completing an intermediate impulsive structure up. Performance cycles (right) also suggest a topping soon and a further underperformance of INFOSYS for the next period. UNITECH WEEKLY (UNTE) Prices continue to hold key supports at 74 levels. RSI bounced back from 40 supports, suggesting further positivity. TITAN INDUSTRIES WEEKLY (TITN) The intermediate impulse up seems complete. Sub key 1,500 levels we remain negative.
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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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