CHANNELS.INDIA – MID ECONOMIC
SUMMARY: BHARTI DAILY (BRTI) Daily KR continues to stand firm. IDEA DAILY (IDEA) Prices continue to hold below key resistance levels at 85. MAHAGANAR DAILY (MTNL) We continue to look at this as the third wave of a larger corrective down. Sub key 90 levels we get more negative confirmation. TATA DAILY (TATA) The current formation still looks like a sideways consolidation which should resolve lower. ASHOK DAILY (ASOK) We need a clear break above key 41.5 levels to continue to look higher. RELIANCE DAILY (RELI) The current structure still looks like a corrective which should resolve lower. CROMPTON DAILY (CROM) The price action is still sideways and weak. BHARAT HEAVY DAILY (BHEL) Prices continue to move sideways above open gap levels. BLUE STAR DAILY (BLUS) Prices seem to pe pushing lower in a corrective structure down. LARSEN DAILY (LART) The sideways action continues.
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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