CHANNELS.INDIA – LATE ECONOMIC TURNS DOWN

SUMMARY: OIL AND NATURAL GAS WEEKLY (ONGC) Prices continue to push lower after weekly KR bar. RELIANCE DAILY (RELI) Prices pushed lower till minor trend channel supports near psychological 2,000 levels. A clear break here would be a negative confirmation. NTPC DAILY (NTPC) Prices continue to push lower after completing the a-b-c corrective up. ACC DAILY (ACC) Prices continue to push lower after breaking the neckline. Key levels lie at 680. HINDALCO WEEKLY (HALC) ANTICIPATED AND HAPPENED As anticipated, prices turn back from key resistances at 150 levels. RANBAXY WEEKLY (RANB) ANTICIPATED AND HAPPENED As anticipated, prices continue to push lower after completing the intermediate impulse up. TISCO WEEKLY (TISC) ANTICIPATED AND HAPPENED As anticipated, prices turn back from key resistance levels at psychological 600.
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