Channels.India – Idea – Anticipated and happened

SUMMARY: IDEA DAILY (IDEA) Anticipated and happened Prices turn back from key resistance levels at 63 as anticipated. However, we are not ruling out an extension of the fifth wave up till key 68 yet. TATA COMMUNICATIONS DAILY (TATA) Prices bounce back from key supports at 330 levels. A deeper retracement would suggest that the subminor impulse down is indeed complete. MAHANAGAR DAILY (MTNL) The third wave up could extend higher till key resistances at 95 levels. TATA MOTORS DAILY (TAMO) Prices retraced till previous subminor fourth levels at 780. Sub respective levels we should get more negative confirmation. Performance cycles are also topping. ASHOK DAILY (ASOK) Prices are heading to a retest of previous highs at key 56 levels. Moving average crossover is positive. BLUE STAR DAILY (BLUS) Same retest of previous highs. Moving average crossover is positive. LARSEN DAILY (LART) Prices retest the trend channel supports. Moving average crossover is still positive. Performance cycles are also bottoming and suggest further outperformance of L&T in the weeks ahead.
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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.
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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