TAMIL NADU PETRO PRODUCTS. NSE. TNPETRO. Looking strong on all available patterns which are presented in Gann Theory. Just a minor challenge lies at 153 which shall surely get crossed. Forget short term focus on big patterns. And the big pattern is suggesting targets of 188 and 223 here in medium term. All dipps should be utilized to add the positions.
Author: SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014.
I have been using Gann theory in my TRADING JOURNEY since 2016.
my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS.
I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses.
I never had used any kind of CHARTS to identify the TREND.
hens I never share CHARTS to illustrate my view.
I like to keep things SHORT and to the POINt!
OIL INDIA View
OIL INDIA. IS having a simillar pattern which TRITURVINE had exactly a month back. Keep adding on dipps till 215 for the pattern targets of 275 and 300 directionally. Vibration and Harmonic Patterns are giving that comfort to hold it for decent gains.
GREENPANEL Achieved another target
GREENPANEL INDUSTRIES Today achieved the 2nd target of 350 view bullish here since mid of sep. Almost 20% rally in 15 days. Setup still strong next review here at 396. Would take time thoughhttps://ganntradersaahil.wordpress.com/2021/09/27/greenpanel-industries-achieved-first-target/
CUMMINS INDIA View
CUMMINS INDIA. Recently gave a Harmonic Channel Breakdown below 940. Whose Targets are placed at 800 on cash in medium term. Better to open up a bearish option trade here rather going for puts. Fresh Harmonic breakdown is placed below 874
Which once breaks would open up the Targets of 770 on downside. Note this is not a market where stocks are breaking down. So wait for rallies to initiate trades. Better to be conservative with trade positioning.
HDFCL IFE View
HDFCLIFE. Sell and sell on every rise. Short calls Buy Puts. Pattern Targets are placed at 681 and 642 on cash positionally. Dont make a mistake to buy this stock.
NIFTY Update
Wheels finally turning southwards for INDIAN EQUITY MARKETS. Just a formality now to close below Tuesdays low. US Markets have already closed below Tuesdays low. DOW S&P NASDAQ all major INDICES have developed setups of sell on rallies. Here in INDIA things for now looks bad. It would get poor below 17380 and it would get worst below 17200 on spot. Strengths of Past would become weekness of Present NIFTY also have developed setup of sell on rally. So better to play the downside using monthly options. Avoid futures for now. Cash Trades were already hedged using DECEMBER PUTS 2 weeks back. So no concerns there. Next week Monday and Wednesday would be important vibration days to watch out for. Happy Trading 👍
HINDPETRO Achieved First Target
HINDPETRO. Today achieved the 1st Pattern Target of 300 on cash. View posted on 16th of SEP 2021. Gave Vibration and Harmonic Pattern breakout on same day. Matter of time it shall test new highs and test 2nd Target of 324.https://ganntradersaahil.wordpress.com/2021/09/16/himdpetro-view/
UPDATE after Vibration Day
MARKETS feeling bit nervous on Vibration Date. Better not to Reed much into it as far as todays low is broken on daily closing on all INDICES and STOCKS. Watch out for VIX above Todays high and NIFTY below Todays low on daily closing of course. If that happens then we are in for a rollercoaster ride on NIFTY.
AXIS BANK View
AXIS BANK. Getting ready to give a Pattern Breakdown below 764 for the Targets of 742 and 722 on cash Positionally. Bit risky so could trade using Options.
Wipro View
I.T. Sector looking week. Could sell WIPRO ON RALLY for the Pattern Targets of 602 and 572 directionally. WIPRO gave a Harmonic Vreakdown yesterday and a Vibration Pattern Breakdown Today so looks a sell on rally setup.
