Late economic top performers: ONGC and Bharat Petroleum

Both structures look like ongoing minor complex correctives down. Both Jiseki cycles turned negative as prices reversed and pushed lower. The structures are still negative and suggest another potential push lower till previous intermediate lows and key Fibonacci projection levels: 250 in the case of ONGC and psychological 500 in the case of Bharat Petroleum.

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Coverage India: CNX100 traded stocks and Indian Indices.
Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.