CHANNELS INDIA – LATE ECONOMIC – MANY KEY REVERSAL BARS

ONGC WEEKLY. The sideways action on the stock might look as a surprise against Reliance and Oil prices. But performance cycles continue to point up for ONGC against peers and against OIL. RELIANCE INDUSTRIES WEEKLY (RIL). Previous support become resistance. CIPLA WEEKLY. KEY REVERSAL highs stand unbroken. Even channels breakdown suggest further negativity. RANBAXY WEEKLY. Prices make a clear impulse. We have no reversal signal here. HINDALCO WEEKLY
KEY FIB projections pushed prices lower. TISCO DAILY. Another KEY REVERSAL bar suggests topping and negativity.
ACC WEEKLY. Multiple KEY REVERSAL bars keep supply pressure up here. AMBUJA MONTHLY. Here we have a monthly KEY REVERSAL bar. The stock remains topping for us. GRASIM WEEKLY. Prices are still below the KEY REVERSAL bar resistance.
NTPC WEEKLY. The formation stagnates below key FIB projections at 220.
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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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