CHANNELS.INDIA – MOVING AVERAGE SPECIAL
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MOVING AVERAGE SPECIAL
SUMMARY: DLF DAILY (DLF) Moving average crossover is still negative. We need a clear break above key 360 levels to look for any reversal. HDFC DAILY (HDFC) Prices continued to hold below key resistance levels at 2,600. Moving average crossover has just turned negative. HDFC BANK DAILY (HDBK) Moving average crossover is still negative. ICICI BANK DAILY (ICBK) Prices continued to hold above psychological 600 levels. Moving average crossover is still negative. STATE BANK OF INDIA DAILY (SBI) Prices continued to hold the minor trend channel down. Moving average crossover is still negative. INFOSYS DAILY (INFY) Moving average crossover has just turned negative. TATA CONSULTING SERVICES DAILY (TCS) Prices continued to hold the minor trend channel up. Moving average crossover is still positive. MAHINDRA DAILY (MAHM) Prices continued to hold above key supports near 680. Moving average crossover turned positive. TITAN INDUSTRIES DAILY (TITN) Moving average crossover turned positive. We need a clear break above previous highs near 1,300 levels for a positive price confirmation. UNITECH DAILY (UNTE) Prices continued to hold the minor downward trend channel. Moving average crossover is still negative.
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