CHANNELS.INDIA – WEEKLY SPECIAL
CHANNELS.IND.080709
WEEKLY SPECIAL
SUMMARY: RELIANCE COMMUNICATIONS WEEKLY (RLCM) ROC cycles continue to point lower. Key levels lie at 250. IDEA WEEKLY (IDEA) Prices pushed lower to fill the weekly open gap near key 65 levels.Below respective levels we remain negative. MAHAGANAR WEEKLY (MTNL) ROC points lower. Below psychological 90 levels we get more negative confirmation. TATA COMMUNICATIONS WEEKLY (TATA) Moving average crossover is ready to turn negative. Below key 440 levels we get more negative confirmation. TATA MOTORS WEEKLY (TAMO) ROC cycles point lower. Below key 265 levels we get more negative confirmation. Moving average crossover is ready to turn negative. CROMPTON WEEKLY (CROM) Time cycles suggest a topping soon. Any upmove now should be limited. BHARAT HEAVY WEEKLY (BHEL) Price targets lie near psychological 1,800 levels (0.382 FIB and also weekly open gap area). RELIANCE WEEKLY (RELI) Prices pushed lower to fill the weekly open gap and broke key FIB levels near 1,900. RSI is heading to key 40. LARSEN WEEKLY (LART) Time cycles point lower from current levels. Below key 1,330 levels we get more negative confirmation.
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