Channels.Ind – Larsen. Anticipated and happened

SUMMARY: IDEA DAILY (IDEA) The current upmove could be the fourth wave of an impulsive structure down. Sub psychological 60 we continue to wait for a final leg down. BHARTI DAILY (BRTI) Prices are turning back from key resistances at 350 levels. We could see a more determined now in the third leg down. MAHAGANAR DAILY (MTNL) The current formation still seems to have a pending fifth leg down. Key levels lie at 63. TATA COMMUNICATIONS DAILY (TATA) Sub key 350 levels we continue to look for an extension of the Y wave down till key 250-190 levels. ASHOK DAILY (ASOK) ANTICIPATED AND HAPPENED As anticipated, prices continued to push lower and broke psychological supports at 50. Sub 50 we could see an extension of the third leg down till key 46. TATA MOTORS DAILY (TAMO) The minor impulse up seems complete. Performance cycles (right) also reached a top and suggest further underperformance of TAMO in the weeks ahead. LARSEN 60MIN (LART) ANTICIPATED AND HAPPENED The current formation looks like a corrective structure up. Key resistances lie at previous highs and key FIB levels at 1,700. HAPPENED. Prices turn back from anticipated resistances.
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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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