Larsen. ANTICIPATED AND HAPPENED
CHANNELS.INDIA.170609
SUMMARY: IDEA DAILY (IDEA). Time oscillators suggest that any upmove should be shortlived. BHARTI DAILY (BRTI). Prices are successively retesting true trendline supports. We need a clear break here for more negative confirmation. Key levels lie at 770. MAHANAGAR TELEPHONE NIGAM DAILY (MTNL). Time oscillators suggest that key resistance levels near 120 should hold. TATA COMMUNICATIONS DAILY (TATA). Prices continued to hold above trend channel supports. Moving average crossover is still negative. TATA MOTORS DAILY (TAMO). Prices continued to push lower after completing the impulsive structure up. Sub psychological 300 levels we get more negative confirmation. ASHOK WEEKLY (ASOK). Prices continue to push lower in the cycle. CROMPTON DAILY (CROM). Prices continue to hold key resistance levels at 320. Non-confirming momentum also suggests a topping here. BHARAT HEAVY DAILY (BHEL). Prices continue to push lower in the c/iii wave down. LARSEN DAILY (LART). ANTICIPATED AND HAPPENED As anticipated, prices complete the five wave structure up near key 1,650 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