CHANNELS.INDIA – TCS. ANTICIPATED AND HAPPENED

SUMMARY: DLF DAILY (DLF) Retesting previous highs. The current upmove still looks like a completing corrective C up. Key resistance levels lie at 445-450. HDFC DAILY (HDFC) Prices turn back from trend channel resistances. Immediate targets lie at 2,550 levels (mid channel line). HDFC BANK DAILY (HDBK) ANTICIPATED AND HAPPENED Prices are heading to previous high levels at 1,600. A clear break above respective levels would be a positive confirmation. HAPPENED. However, momentum non-confirmation suggests caution. STATE BANK OF INDIA DAILY (SBI) Prices are heading to key resistance levels at 2,300. ICICI BANK DAILY (ICBK) Above 900 we could see a further upmove till next resistances at psychological 1,000 levels. TATA CONSULTING SERVICES DAILY (TCS) ANTICIPATED AND HAPPENED TARGET HIT. Prices pushed higher till key resistances at 650. Above respective levels we are not ruling out an extension of the fifth wave up till key 740. UNITECH DAILY (UNTE) Prices continue to hold key resistance levels at 120. Sub key 105 levels we should get more negative confirmation. TITAN INDUSTRIES DAILY (TITN) Our Head and Shoulders scenario is still in place. Neckline supports lie at 1,200 levels.
To access member’s area or Orpheus estore click here.
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
ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM
ORPHEUS RESEARCH AT REUTERS – USA