Cipla. ANTICIPATED AND HAPPENED
CHANNELS.INDIA.190609
SUMMARY: OIL AND NATURAL GAS DAILY (ONGC): Prices are at key levels at psychological 1,000. Moving average crossover is about to turn negative. A clear break below respective levels could push prices back to previous lows near 800. RELIANCE ENERGY DAILY (RLIN): Moving average crossover turned negative. This looks like a potential DOUBLE TOP formation. A break below 1,100 levels (neckline) would validate the pattern. AMBUJA DAILY (ABUJ): ANTICIPATED AND HAPPENED The corrective formation seems complete. Below psychological 80 levels we get more negative confirmation. ACC DAILY (ACC): Prices pushed lower after breaking trend channel supports. Below psychological 700 levels we get more negative confirmation. NTPC WEEKLY (NTPC): Prices are ready to break trend channel supports. Key levels lie at psychological 200. TISCO 60MIN (TISC): The corrective structure seems complete. Key levels lie at 385. CIPLA DAILY (CIPL): ANTICIPATED AND HAPPENED Prices continued to push higher till near key resistance levels at 270. RANBAXY DAILY (RANB): Prices pushed lower after completing the C/3 wave up near psychological 300. The current retracement could push prices lower till key 225-200 levels.
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