Channels.India – Late economic performance cycles
SUMMARY: ONGC DAILY Prices violently pushed lower after completing the second corrective wave up. We need a clear break sub key levels at 1,080 for a negative confirmation. Performance cycles have bottomed and suggest further outperformance of ONGC for the weeks ahead. GRASIM DAILY Ongoing FLAT structure. Key target lies near psychological 2,000 levels. Performance cycles are heading to a performance top. ACC DAILY Prices pushed lower after completing the minor impulse up till 0.382 key FIB supports. We need a clear break here to continue to look lower. Performance cycles are heading to a performance top. TISCO WEEKLY Completing ending diagonal. A clear break at trend channel supports would give us further negative confirmation. Performance cycles are topping. RANBAXY DAILY Prices continue to push lower from anticipated resistances near key 550 levels. Performance cycles are topping.
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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.
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 January 2010 | Comments (0)
Tags: channels
Categories: India
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