Channels.India – Late economic performance cycles

SUMMARY: ONGC DAILY The current sideways movement looks like a corrective second wave which should resolve higher. Key levels lie at 1,240. Performance cycles have also bottomed and suggest further outperformance of ONGC in the next few weeks. RELI DAILY Above key 1,125 levels we continue to look higher in the 3/C wave up. Performance cycles continue to suggest further outperformance of RELI for the weeks ahead. TISCO WEEKLY The current upmove still seems to be exhausting and we can expect a topping soon. Performance cycles are also topping. RANBAXY WEEKLY Prices continue to hold key resistance levels at 550. Performance cycles are also topping, suggesting further underperformance. CIPLA DAILY Any upmove now should be short-lived. Key resistances lie at psychological 400 levels. Performance cycles are also heading to a top.
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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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