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Alpha India LE – LE Best and Worst
Orpheus Capitals, March 2011, Pages: 4
LE best and worst
Today’s Alpha India report carries the ranking of the best and worst Late Economic (LE) stocks. The best ones carried here are the ones above 85%, while the worst ones are ranked sub 30%. Hindalco, JSW Steel and Biocon are at the top, followed by Jindal Steel, Lupin and Dr Reddy. At the bottom we have Hindustan Unilever, Power Grid and Suzlon. We updated the technical cases and cycle structures on Biocon and Hindustan Unilever. Biocon’s subminor structure looks like a completing correction which should resolve lower. Sub trend channel supports at 320 levels we should get further negative confirmation. Hindustan Unilever’s minor structure also looks like a completed correction which suggests further minor negativity till at least previous lows at 270 levels. The Jiseki cycles are updated on slide 2 and 3.