Posts tagged ‘ME’

The PUNJ LLOYD case

Today’s Alpha India report carries technical and cycle cases on one of the worst performer Indian Mid Economic stocks, PUNJ LLOYD. The stock is forming a potential double bottom reversal pattern, confirmed by the bottoming cycle case.

The market bias is negative for the day, as NIFTY is pushing lower to fill the open gap. Key supports to watch lie at 5,200 levels.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.

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.


GLAXOSMITHKLINE head and shoulders

GLAXOSMITHKLINE Weekly. The primary structure looks like a valid head and shoulders reversal. Prices retested the neckline near 2,200 resistances. Sub respective levels we are looking lower till our targets at 1,850-1,500 levels.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.

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.


Mid Economic’s worst performers

After showcasing some of the top performers of each economic sector, we are now focusing on a few worst performers, i.e. the stocks which should outperform the broad market in the weeks ahead. ALOK TEXTILES and PUNJ LLOYD are the worst Mid Economic stocks, ranked at 5% and 6% rankings respectively. The current Alpha India report carries technical cases on the two assets.

The market bias remains positive for the day as NIFTY heads to our anticipated resistances at 5,200 resistances.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.

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.


Best performer industrials: Adani Enterprises and Titan Industries

Today’s issue of Alpha India showcases technical cases on two of the top ranked Mid Economic stocks, Adani Enterprises and Titan Industries. The stocks are ranked near 99% and 98% rankings respectively among a list of 500 Indian assets (CNX 500), 100% being the best and 1% the worst.

The market bias is negative for the day as NIFTY looks ready to break current supports near 4,750 and head lower to 4,500.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.

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.


Mid Economic best and worst

We illustrated here the integrated Jiseki rankings of the Indian Mid Economic sector. We filtered out the best and worst performers (best performers above 80% rankings, worst performers sub 20% rankings on both weekly and daily) and remained with a list of four stocks: Siemens, Exide and Bharat Forge as best ones and Punj Lloyd as the worst stock.

The market bias remains positive for the day as NIFTY is still retesting our highlighted confluence resistances at 5,200 levels.

Enjoy the latest Alpha India.

NIFTY Daily. The current minor leg up looks like a completing 3-3-3 corrective structure which could complete here at 5,200 resistances. However, another extension higher till next confluence resistances at 5,350 levels is also possible.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.

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.


PUNJ LLOYD and BHEL Jiseki cycles

Both cycle structures remain bottoming at extremely low rankings (PUNJ LLOYD near 1% and BHEL near 25%). PUNJ LLOYD and BHEL are the worst performer stocks of the Indian Mid Economic sector.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.

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.


BHARAT FORGE and SIEMENS

BHARAT FORGE Weekly. Prices bounced from anticipated confluence supports near 260 levels and are heading to a retest of key 300 levels. A break above respective levels would further confirm that the X circle wave correction down is complete and suggest further intermediate positivity ahead.

SIEMENS Daily. The alternate view on SIEMENS suggests a potential head and shoulders reversal formation with neckline levels near 860. Sub respective supports the head and shoulders target lies near previous lows at 780 levels. However, this remains a low probability scenario for now as the preferred view remains positive on the Indian market.

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.


PUNJ LLOYD and L&T

PUNJ LLOYD is one of the worst performer Indian stocks. As you can see on the chart below, the Jiseki cycles are still bottoming sub 10% rankings, suggesting a potential positive reversal soon. The price structure also looks like a potential double bottom reversal (slide 2). As long as previous lows near 55 levels hold, we remain positive on the stock.

PUNJ LLOYD Weekly. The intermediate structure looks like a potential double bottom reversal formation with neckline resistances near 80 levels. The weekly RSI momentum is also non-confirming and sustains our case.

L&T Weekly. Prices reached key primary supports at 1,550 levels. The preferred view sees the current structure as a completing intermediate correction which should hold respective supports. Alternate, on the other hand, sees the current formation as a potential head and shoulders reversal which could push prices lower till 1,400-1,100 supports. However, this remains a low probability scenario for now.

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.


PUNJ LLOYD and L&T

PUNJ LLOYD is one of the worst performer Indian stocks. As you can see on the chart below, the Jiseki cycles are still bottoming sub 10% rankings, suggesting a potential positive reversal soon. The price structure also looks like a potential double bottom reversal (slide 2). As long as previous lows near 55 levels hold, we remain positive on the stock.

PUNJ LLOYD Weekly. The intermediate structure looks like a potential double bottom reversal formation with neckline resistances near 80 levels. The weekly RSI momentum is also non-confirming and sustains our case.

L&T Weekly. Prices reached key primary supports at 1,550 levels. The preferred view sees the current structure as a completing intermediate correction which should hold respective supports. Alternate, on the other hand, sees the current formation as a potential head and shoulders reversal which could push prices lower till 1,400-1,100 supports. However, this remains a low probability scenario for now.

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.


Havells anticipated and happened

HAVELLS Daily. Prices pushed lower in the C/3 wave down as anticipated. Key supports lie at 330 levels.

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.