Channels.India - L&T Anticipated and happened

SUMMARY: IDEA DAILY (IDEA) Prices form a potential Head and Shoulders pattern. Neckline levels lie at key 57. Performance cycles are heading to a performance top. BHARTI DAILY (BRTI) Prices are completing a corrective w-x-y structure that should resolve higher. The performance cycles are bottoming and support the preferred view. TATA MOTORS DAILY (TAMO) The first subminor impulse down seems complete. We need a clear break sub key 640 to continue to look lower. Performance cycles are topping and suggest further underperformance of Tata Motors in the weeks ahead. BLUE STAR DAILY (BLUS) Potential Head and Shoulders pattern. Sub key 360 levels we should get more negative confirmation. Neckline levels lie at key 335. ASHOK DAILY (ASOK) This looks like the beginning of a third impulsive leg down. Sub key 49 levels we should get more negative confirmation. LARSEN DAILY (LART) Anticipated and happened Prices bounce back from anticipated supports near key 1,350 levels. L&T remains one of the top potential outperformer stocks for the weeks ahead.

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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

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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