Real Estate worst performers: DLF and DB Realty

We illustrated here the Jiseki ranking of the CNX Realty components. As you can see, 8 out of 9 stocks fall in the lower half of the ranking (sub 50%), Unitech being the only best performer (above 95% rankings). Today’s report carries technical cases and Jiseki cycles of two of the real estate worst performers, DLF (slide 2) and DB Realty (slide 3).

DLF Weekly. Prices seem to be completing a 3-3-3 corrective structure down. Immediate supports lie at 170-150 levels. The daily RSI momentum is retesting 30 supports.

DB Realty Weekly. The primary structure looks like a completing impulsive C circle wave down. Prices are reaching key supports at 40 levels in an exhausting final fifth wave 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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