Channels.India – Mid economic performance cycles

SUMMARY: BLUE STAR DAILY (BLUS) Anticipated and happened Prices are retesting previous highs at key 420 levels as anticipated. Moving average crossover is still negative. BHARTI DAILY (BRTI) The current sideways movement looks corrective and we should see a third leg down before anything. Key supports lie at psychological 200 levels. Performance cycles have bottomed and suggest further outperformance of Bharti in the next few weeks. TATA MOTORS DAILY (TAMO) Prices bounced back from key supports near 680 levels. We need a clear break sub respective levels to continue to look lower. Performance cycles are topping. BHARAT HEAVY DAILY (BHEL) Prices are in a complex corrective structure which should complete soon. Key resistance levels lie at 2,500. Performance cycles have bottomed. LARSEN DAILY (LART) Prices are heading to key supports at 1,350 levels in the c/iii wave down. Performance cycles are bottoming and suggest further outperformance of L&T in the weeks ahead.
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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.
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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