Mid Economic worst performers: BHEL and Punj Lloyd

Today’s Alpha India report carries technical cases on two of the worst performers of the Indian Mid Economic sector, BHEL and Punj Lloyd. Both of the stocks have bottoming intermediate structures and should outperform in the next weeks.

BHEL Daily
Prices retested previous minor lows at 1,900 levels. The structure looks like a completed W-X-Y-X-Z complex correction down.

Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.

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.

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