Ranbaxy. ANTICIPATED AND HAPPENED
CHANNELS.INDIA.030709
SUMMARY: OIL AND NATURAL GAS DAILY (ONGC): Prices are still above true trendline supports. Moving average crossover is still negative. We need a clear break below true trendline supports to continue to look lower. RELIANCE ENERGY DAILY (RLIN): Prices continue to move in a sideways action. We need a clear break below key supports at 1,100 to confirm our negative view. AMBUJA DAILY (ABUJ): Moving average crossover is still negative. We get more negative confirmation below key 84 levels. ACC DAILY (ACC): This looks like a corrective structure which should resolve lower. Below psychological 700 levels we get more negative confirmation. HINDALCO DAILY (HALC): Prices seem to be moving in a corrective structure. Below psychological 80 levels we get more negative confirmation. NTPC DAILY (NTPC): A retest of the neckline near key 210 levels is not ruled out yet. CIPLA DAILY (CIPL): ANTICIPATED AND HAPPENED Prices turn back from key resistance levels at 270 as anticipated. RANBAXY DAILY (RANB): ANTICIPATED AND HAPPENED Prices broke mid channel supports as anticipated. Moving average crossover turned negative.
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