CHANNELS INDIA – MID ECONOMIC TURNS DOWN

BHEL DAILY. There is no negative confirmation here. LARSEN DAILY. Prices break down. Minor trend remains negative. BAJAJ AUTO DAILY. Prices push back into channels after testing resistances and with a potential shooting star. MAHINDRA WEEKLY. Candle formations remain negative. MARUTI WEEKLY. Maruti continues to move up in the intermediate channel. We don’t have a reversal signal yet. TATA MOTORS. WEEKLY. Small body candle indecision but not negative confirmation. BHARTI WEEKLY. Negative candle formations are all over. RELIANCE COM DAILY. A break at 290 will confirm negativity. BLUESTAR WEEKLY. Engulfing bearish suggests a reversal. CROMPTON WEEKLY. Prices are still below key resistance.
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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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