CHANNELS.INDIA – MID ECONOMIC
SUMMARY: IDEA DAILY (IDEA) This looks like a corrective structure which should resolve lower. Sub key 77 levels we get more negative confirmation and price targets lie at 65. BHARTI DAILY (BRTI) Time oscillators suggest that any upmove now should be limited. MAHAGANAR DAILY (MTNL) Prices pushed higher till key resistances at 110. This is the last resistance standing before our intermediate negative view is negated. TATA COMMUNICATIONS DAILY (TATA) Prices continue to hold key resistances at psychological 500. TATA MOTORS DAILY (TAMO) Prices violently pushed higher above previous highs. Moving average crossover is positive. ASHOK DAILY (ASOK) The sideways action continues. Although moving average crossover is still positive, we need a clear break above previous highs to continue to look higher. CROMPTON DAILY (CROM) Time cycles suggest a topping near current levels. BHARAT HEAVY DAILY (BHEL) Prices continue to move in a sideways action. Only a clear break above previous highs at 2,400 would negate our topping view. RELIANCE DAILY (RELI) Prices continue to push lower in the minor channel down. Below key 1,800 levels we get more negative confirmation. LARSEN DAILY (LART) Prices continued to hold the minor trend channel down. We need a clear break above key resistances at 1,550 levels for a positive signal.
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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
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Author: Orpheus | Date: 28 July 2009 | Comments (0)
Tags: channels, mid economic
Categories: India
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