CIPLA. Anticipated and Happened
SUMMARY: OIL AND NATURAL GAS DAILY (ONGC) Our ALTERNATE view suggests that the current upmove is a completing b/ii wave up of a larger corrective down. Key levels lie at 1,260. RELIANCE DAILY (RELI) The b/ii wave up should complete near key levels at 2,100-2,200. AMBUJA DAILY (ABUJ) Momentum non-confirmation suggests a topping near current levels. HINDALCO DAILY (HALC) Time cycles point to a topping at current levels. ACC DAILY (ACC) Prices continue to hold the intermediate trend channel up. No clear sign of reversal yet. NTPC DAILY (NTPC) Prices continue to hold above neckline levels at psychological 200. RANBAXY DAILY (RANB) Prices continue to hold above neckline levels. We need a clear break here to look for a reversal. TISCO DAILY (TISC) Time cycles continue to suggest a topping near current levels. CIPLA DAILY (CIPL). ANTICIPATED AND HAPPENED ROC non-confirmation suggest further supply pressure. HAPPENED. Prices continue to push lower from previous highs.
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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