CHANNELS.INDIA – TELECOMMUNICATIONS REMAIN DOWN

SUMMARY: IDEA DAILY (IDEA) Prices continue to hold key support levels at 45. BHARTI DAILY (BRTI) Prices continue to hold key supports at 280 levels. MAHAGANAR DAILY (MTNL) Prices continue to push lower in the C wave down. Key supports lie at psychological 60 levels. TATA COMMUNICATIONS DAILY (TATA) Prices pushed lower till key support levels at 350. A sustained bounce back from here would suggest that the corrective structure down is already complete. ASHOK DAILY (ASOK) The impulsive structure up seems complete. Sub key 51 levels we continue to look lower. CROMPTON DAILY (CROM) Prices are completing the impulsive structure up. Key resistances lie at psychological 400. BLUE STAR DAILY (BLUS) Prices continue to hold neckline supports at 335. We need a clear break here to continue to look lower. TATA MOTORS DAILY (TAMO) Prices are completing the impulsive structure up. Key resistance levels lie at psychological 700. LARSEN 60MIN (LART) The current formation looks like a corrective structure up. Key resistances lie at previous high levels at 1,700. BHARAT HEAVY DAILY (BHEL) Prices seem to be in a corrective structure down which could push lower till psychological 2,000 levels.
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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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