CHANNELS.INDIA – MID ECONOMIC TURNS DOWN

SUMMARY: IDEA DAILY (IDEA) ANTICIPATED AND HAPPENED Prices continue to push lower in the C wave down as anticipated. Sub 55 we could see a deeper retracement. Moving average crossover is still negative. MAHAGANAR WEEKLY (MTNL) ANTICIPATED AND HAPPENED Prices break psychological 80 levels and push lower. Moving average crossover is still negative. ASHOK DAILY (ASOK) ANTICIPATED AND HAPPENED Prices turn down from trend channel resistances. A clear break sub trend channel supports would give us further negative confirmation. BLUE STAR DAILY (BLUS) ANTICIPATED AND HAPPENED Prices continue to push lower from key resistance levels at 415. LARSEN DAILY (LART) ANTICIPATED AND HAPPENED Prices turn back from key resistance levels at 1,700.
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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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