Crompton preferred and alternate

Crompton is one of the best performers of the Indian Mid Economic sector. The preferred view sees the current minor structure as the beginning of the impulsive (C) wave down. This means that the current 2 wave up should not push higher than 0.618 key Fibonacci and open gap resistances near 275-289 levels. Above respective resistances, the alternate view suggests an ongoing expanding (B) wave correction which could extend higher till 300-310 levels. The daily RSI momentum failed at 70 resistances and is in sync with our preferred negative view.

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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