Channels.Ind – Telecommunications and Industrials – Performance cycles

SUMMARY: IDEA DAILY (IDEA) The current structure looks like the beginning of a new impulse up. Key levels lie at 63. Performance cycles also are bottoming and suggest further outperformance of IDEA in the next few weeks. BHARTI DAILY (BRTI) This could be the beginning of a new impulse up. Above key 347 levels we get more positive confirmation. Performance cycles are bottoming and also suggest further positivity. TATA MOTORS DAILY (TAMO) TAMO is still one of the top potential underperformers for the weeks ahead. RSI over 70 also suggests an overbought situation. BHARAT HEAVY DAILY (BHEL) Prices continue to hold the minor trend channel up. Moving average crossover is also positive. Performance cycles bottomed and suggest further outperformance of BHEL in the next few weeks. L&T MONTHLY (LART) 7 months of sideways action. Performance cycles indicate positivity ahead. However, we need a clear break above key 1,700 levels for an intermediate positive confirmation.
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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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