TVSMOTOR, showing signs of Toping out. A print below 598 would signal decent pain ahead. Below 598 it would be VIBRATION PATTERN breakdown, which would open up Targets of 562 and 527 on cash positionally!
Author: SAAHIL BELIM
S&P;500 Update
$S&P;500, on expected lines has made fresh lows for the year. On 27th,April it was very much clear that February lows were about to break. And finally it broke yesterday!” The manner in which markets are falling in U.S. is Conserning. The ultimate price targets are quite deep. For now as per (HARMONIC CHANNEL) S&P, looks ready to test 3800 on lower side!” Short covering bounces would be very sharp when they would unfold. So the profile of market is strongly to sell on rise. These markets still can vitnes 20% cuts from current levels. Do watchout!”https://ganntradersaahil.wordpress.com/2022/04/27/sp-500-update-3/
RELIANCE INDUSTRIES Update
RELIANCE, what a journey. From 2856 to 2472. Worned on the Trap here several times in past. But retail trader doesn’t trust natural laws which works in markets!: Many of my friends were not happy with this view. People were busy in calculating my losses. Just for their relief would share my trade, which was 2700 june put at average price of 81!” Took majority profits today at 236. Still holds same view, expecting levels below 2200 in medium term. Gave an open challenge to operators here on 25th,april, unfortunately they lost from cycles!” Reed each and every word of following tweet post carefully!”
NIFTY UPDATE
NIFTY, along with other Global markets had a critical TIME CYCLE date Yesterday. A close below yesterdays low, would keep near term setup very week. For bounce to play out, price has to sustain above Yesterdays high! This applies only for very short term!” As I repeatedly mention, Nothing moves in straight line. At 1 point rallies also would come whether its U.S. MARKETS or INDIAN MARKETS! But rallies would come and they would go. The fact won’t change, that market has lot to do on downside!” Utilize rallies to take bearish positions. I said this on 4th,April as well when MIFTY was trading at 18,100. Since then it has fallen around 2000 points! And it still can go much lower from here!:
AXISBANK Target achieved
AXIS;BANK, achieved pattern targets of 704 and 666 on downside. View posted here on 29th,April. Below 737 it was all over for AXISBANK. Going forward, 636 would break and 604 and 564 shall be tested. Should take its TIME!
BRENT View
BRENT, is regaining its strength. Triangle Breakout is placed above 116. Above 116 pattern targets would be 126, 138, and 150 in Coming weeks! Other patterns such as (VIBRATION PATTERN) and (HARMONIC PATTERN) are also signaling decent upside. Watch-out!
NIFTY BANK Update
NIFTY:BANK, has broken critical support today. Posted a bearish view here on 12th,APRIL.. CMP then was 37,700. Earlier mentioned 2 Targets of 36,200 and 35,350 on spot. Both were achieved earlier. Since it gave a daily close belo 37,500 TIME here has turned bearish. From here there is only 1 Target on downside. Which is, 32,400 on spot. Rallies would come and go, avoid upsides. Gradually it has to test 32,400. And break it convincingly. All private sector banks are breaking pattern supports. Earlier posted views on them Individually. Should go through that and mark down levels. Respect markets and keep looking for sell trades.https://ganntradersaahil.wordpress.com/2022/04/12/nifty-bank-view-3/
NIFTY UPDATE
NIFTY has made the low of 16,340 on spot. As posted yesterday, 16,300 was the next near term target for this swing. Do not mix:up short term trades with medium term trades. This fall is far from over. Do not get carried away watching the screen. Wait for your levels to add more shorts. Temparary pull:backs cannot change tragictry of this market. On TIME Front, MONDAY is a critical TIME:CYCLE date, watchout for that.
NIFTY UPDATE
#NIFTY has given up early gains of morning. This volatility has trapped many traders on Long side. No matter whatever happens. NIFTY has to test 16,300 on spot in near term.
NIFTY UPDATE
NIFTY, broke the range on downside. It was only a matter of TIME for NIFTY to break 16,800. Whatever reasons may be, the range was about to break on downside. Markets would not make it easy for short term traders to walk away with effortless profits. Voletility is here to stay. So keeping short term view won’t work out for you. As a TRADER keep things simple. Buy and hold JUNE or JULY puts and relax. MARKETS are about to break MARCH low of 15,671 in JUNE. Could break before that as well. Dont fall for Temparary pullbacks. There would be very sharp moves on upside which would shake out week hands from system. Just manage your positions and stay with primary trend.
