TCS. Anticipated and Happened

SUMMARY: DLF DAILY (DLF) This looks like a potential DOUBLE TOP formation. We need a clear break below the neckline at 260 levels to validate the pattern. HDFC DAILY (HDFC) Momentum cycles suggest further negativity. Gap targets lie at 1,950 levels. HDFC BANK DAILY (HDBK) The current structure looks like a w-x-y corrective with an impending (y) wave down. Sub key 1,370 levels we get more negative confirmation. ICICI BANK DAILY (ICBK) Momentum weakness and time cycles suggest further downmove from here. STATE BANK OF INDIA DAILY (SBI) The current formation looks like a potential FLAT structure with an impending C/3 wave down. Key levels lie at 1,630. INFOSYS DAILY (INFY) Momentum non-confirmation suggests weakness in the upmove. TATA CONSULTING SERVICES DAILY (TCS) ANTICIPATED AND HAPPENED As anticipated, prices complete the impulsive structure up near key 550 levels. We should see further retracement now. TITAN INDUSTRIES DAILY (TITN) Immediate targets lie at previous fourth levels at 1,085. UNITECH DAILY (UNTE) The current structure looks like w-x-y corrective which should resolve lower. Below key levels at 72 we get more negative confirmation.

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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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