Cues from Tisco

In this latest Sensex 30 update, we have looked at the majors and reviewed Tisco. The Jiseki and price signals are negative for Tisco for the span of 77 days. However, the steel major has witnessed a marginal rise of 2.15%. On one side this upside might come as a surprise, but on the other hand a profit making blue chip negative outlier can’t remain stagnating and weak for a long time. In such a case of conflict when signals are negative and prices don’t fall, either the signals have to change or the stock has to fall. In case Tisco sustains at current levels, we not only have a potential brilliant entry but also a reason to look at a sustained bullish undercurrent for Sensex.

Enjoy the latest Sensex 30 report which carries Jiseki cycles, Running signals, group dynamics for all the Sensex components.