Channels.India – TCS. Anticipated and happened

SUMMARY: HDFC DAILY (HDFC) Anticipated and happened Prices are completing the corrective structure down as anticipated. Key support levels lie at 2,300. HDFC is still the top potential outperformer stock according to Numeric Ranking. HDFC BANK DAILY (HDBK) The third leg down seems incomplete. We continue to wait for another push lower till key supports at 1,500-1,450 before anything. Performance cycles are heading to a performance bottom. DLF DAILY (DLF) Prices break the sideways corrective structure. We are now waiting for the third leg down to complete before anything. First supports lie at psychological 300 levels. Performance cycles are bottoming. INFOSYS DAILY (INFY) As anticipated, prices pushed lower after completing the minor impulse up till 0.618 key FIB levels. A clear break sub respective levels would be a negative confirmation. Performance cycles are also topping. TCS DAILY (TCS) Anticipated and happened Prices pushed lower from anticipated resistances near key 850 levels. Sub previous fourth levels at psychological 700 we should get more negative confirmation.
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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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