Channels.Ind – Late economic performance cycles

SUMMARY: ONGC DAILY Prices are still in a corrective sideways action. ONGC performance seems to be heading to a cycle bottom, suggesting a potential outperformance of the stock in the next few weeks. TISCO WEEKLY Prices are completing the intermediate impulse up. Performance cycles (right) suggest further underperformance of TISCO for the next few weeks. Metals is still the top potential underperformer sector. GRASIM DAILY Prices continued to push higher after completing the corrective structure down till key FIB resistances at 2,500. We need a clear break above respective levels to continue to look higher. GRASIM performance cycles (right) are bottoming, suggesting an outperformance of the stock in the weeks ahead. ACC DAILY Prices are heading to key FIB levels near 850. A clear break above respective levels would be a minor positive confirmation. Performance cycles (right) seem to be bottoming and suggest an outperformance of ACC in the weeks ahead. CIPLA DAILY The minor impulse up seems complete. Prices are turning back from key resistance levels at 360. Health care is one of the top potential underperformer sectors for the weeks ahead.
To access member’s area or Orpheus estore click here.
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
ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM
ORPHEUS RESEARCH AT REUTERS – USA