CHANNELS.INDIA – MID ECONOMIC

SUMMARY: IDEA DAILY (IDEA) The minor downtrend continues. The C wave down seems incomplete. Key support levels lie at psychological 40. BHARTI WEEKLY (BRTI) Prices continued to push lower after breaking the neckline. Key supports lie at previous lows near 270 levels. MAHAGANAR DAILY (MTNL) The current downmove could take prices back to previous lows near psychological 60 levels. The structure seems to have a pending final fifth leg down. TATA COMMUNICATIONS WEEKLY (TATA) Prices seem to be developing a large, multiannual Head and Shoulders pattern. Neckline levels lie at 370. ASHOK WEEKLY (ASOK) Prices pushed higher in the C wave up till key resistance levels at 55. CROMPTON WEEKLY (CROM) The C wave up should complete near current levels. BLUE STAR DAILY (BLUS) Prices bounce back from previous low levels. Key resistance levels lie at 360. TATA MOTORS WEEKLY (TAMO) Prices continue to hold below key resistance levels at 700. LARSEN DAILY (LART) Prices continue to move in a sideways structure below key resistance levels at 1,700. BHARAT HEAVY WEEKLY (BHEL) Prices continue to hold trend channel supports at 2,150 levels.
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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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