JINDAL STEEL GANN Analysis

JINDAL STEEL
The stock has been in a downtrend since the month of MAY
After hitting the High of 501.70 on 10th of MAY. Currently setup is still week but after looking the Larger structure not much comfortable to go short on it
So better to wait for a Breakout to enter a Long Trade. The first sign of strength is visible above 425 on cash
And the Golden Pattern breakout is placed above 436 for the Pattern Targets of 462 and 489 Positionally. Undoubtedly it is retesting the Highs of 501.70 in coming weeks. The zone of 501 to 520 would be challenging. But once this range breaks it would get ready to test 700 in medium term according to the Harmonic Structure. It has a similar pattern like JSW STEEL
Extremely bullish on both the Stocks For medium to long term. Recently JINDAL STEEL squared out Price and Time
Coming days would be intresting to watch. 375 is an Immediate support in near term keep an eye on it. Keep the Figures in mind and act on signal when available. After Price next would be TIME. To keep the process standard sharing 7 TIME CYCLE dates for this stock’ starting from 28th July followed by 9th Aug,13th of Aug,20th of Aug,24th Aug,8th of Sep and 13th of Sep 2021.

MARKET UPDATE

Earlier in the week I mentioned the importance of the low which is made on 19th or 20th july. Market made a low on 20th and gave a rally till 23rd on expected lines. This rally still can go on till 28th july according to the forecasting model. This market was and still a buyers market. Has clearly mentioned to avoid shorts on INDEX. Next week would be even Intresting because it’s a Time Heavy week where we have 3 Vibration and Time Cycle days. First on 26th followed by 28th and 30th of July. On Price front 16000 is just a number it has less to do with any Geometrical Angle. 16200 infact is an important point if we analyse the complex vibration pattern. Need to move forward with stay long approach. Another intresting point to note is we got 2 consecutive weekly highs on Friday which shows the structural strength of our Markets.

NIFTY UPDATE

NIFTY has broken 15600 which was the stoploss for Longs. So out of Trading longs for now. But wont short either. Reason explained yesterday. As far as todays low is protected we still could have a rally till 23rd and 28th. NIFTY would get back to winning ways above 15820 until its crossed focus on cash market stocks.

View on US Markets

The recent selloff inn US Markets is not a start of a bare market. For me it’s a normal pullback. There is still good amount of TIME left before all markets hit their cycle top. So Time wont be supportive for downtrend beond a certain point. So relax the sharp downmoves would be counter by sharp upmoves. We still could see levels close to 38800 on #DOW
4900 TO 5100 on #S&P
17500 to 18200 on #NASDAQ. Voletility would rise so be watchful. This dust shall settle soon.

BHARTI AIRTEL Gann Analysis

BHARTI AIRTEL the most underperforming stock in Large cap space and perhaps the safest place for option sellers since last 4 months is finally giving initial signs for breaking the barriers on upside. But wait it really is not a straight forward road ahead for AIRTEL.’ It first has to cross the level of 564 to show its strenth. Above 564 it could test levels of 598 and 637 on cash according to its VIBRATION setup. According to its Larger pattern it is certain that it is testing 650 in coming months. Above 564 it also would cross the 1X2 Angle from the Top it made on 4th of Feb 2021. Above 1X2 Angle it would hit 1X3 Angle at 598 and 1X4 Angle at 623. So along with Vibration setup Geometrical setup would also be in sinc for an upmove. In a Circle it would square at 315°. After Pattern and Price next would be the TIME. Upcoming Time Squaring for Airtel would be’ 19th of July today followed by 22nd of July,26th of July, 5th of Aug, 20th of Aug,26th of Aug,3rd of Sep,14th of Sep,21st of Sep 4th of October 2021. Expect sharp moves around these dates.

UPL View and Gann Analysis

UPL a perfect season to make position here for Medium Term. Price Pattern would give a breakout above 864 for the Pattern Targets of 900 and 944 on cash Directionally. Pentagon and Hexagon Cycles also suggesting it to add on every dipp for the Cycle Targets of 915 and 1027 in coming months. Setup is very strong above 843 it would be in the strongest position on Angles. Important Vibration and Harmonic Dates for UPL would be. 19th of July which is today followed by 23rd of July,28th of July,3rd of Aug,12th of Aug,20th of Aug,26th of Aug7th of Sep 2021. Mark these dates on your calender very strong movements would be possible around these dates.