CHANNELS.INDIA – WEEKLY ROC SPECIAL
SUMMARY: OIL AND NATURAL GAS WEEKLY (ONGC) Time cycles suggest a topping near current levels. RELIANCE ENERGY WEEKLY (RLIN) Weekly ROC suggests further negativity from current levels. Gap targets lie at 850 levels. AMBUJA WEEKLY (RLIN) Time oscillators suggest further supply pressure. A breaking of true trendline supports would confirm our view. HINDALCO WEEKLY (HALC) Time cycles continue to point lower. Key levels lie at 70. ACC WEEKLY (ACC) ROC cycles suggest a topping near current levels. Weekly open gap targets lie at 650 levels. NTPC WEEKLY (NTPC) Time cycles continue to point lower. Key levels lie at 190. RANBAXY WEEKLY (RANB) Time cycles point lower from here. A breaking of true trendline supports would confirm our view. TISCO WEEKLY (TISC) Time cycles suggest further negativity. Key FIB levels lie at 365. CIPLA WEEKLY (CIPL) Time cycles suggest a topping soon. ITC WEEKLY (ITC) Time cycles suggest that any upmove now should be shortlived.
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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