GODREJCP, is giving early signs for a near term pullback.
1 more lower low sequence below 1358 should conferm that.
Once 1358 breaks potential downside targets would be 1310&1250 on cash in coming days.
TIME too would turn BEARISH once yesterdays LOW breaks.
Category: gann insides STOCKS UPDATE
INDUSINDBANK setup
INDUSINDBANK, is one of those rare stock which is making 52,weeks low in this market.
On all T/F and on all technical parameters STOCK is placed in a very week zone.
We have medium term target objective of 1200 in coming weeks on this STOCK.
for short term 1320 is a temporary support once that breaks we should get this STOCK towards 1280 and 1240.
On TIME front to maintain the short term bearishness stock would have to print lower low below 19th,August low.
A sustained trade below 19th,August low would drag it towards 1200 and below in SEPTEMBER.
TATASTEEL setup
TATASTEEL, is still consolidating near 05,August low of 149+148 is a major swing low.
So once these low breaks we would get a major breakdown which would have immidiate target objectives of 140 and below that 125 eventually.
PATTERN placement is very BEARISH here.
AMBUJA CEMENTS setup
AMBUJACEMENT, is breaking below its 45° angle from its high of 706 which was registered on 02,july.
TOP seems significant here.
a test of 599 is likely here,
and if that breaks then its PATTERNS would indicate targets of 565&525 in coming days.
SBI SETUP
SBI is signaling a major breakdown of a DOUBLE TOP pattern on its weekly charts.
If STOCK prints the level of 794 going forward then that would trigger a VIBRATION PATTERN breakdown for target objectives of 755 and 731 in coming few days.
ONGC achieved another target on upside
https://ganninsides.com/2024/07/08/ongc-achieved-target/
ONGC prints 324 today and accomplished another target on upside.
Since mid june I have been bullish on this STOCK and it has done well.
still dont think upsides are done yet.
A close above 331 here could trigger another 10% upside which can take it closer to 360.
A fresh entry wont be ideal at current rates better to wait for an ideal pullback for that.
ONGC achieved target
https://ganninsides.com/2024/06/19/ongc-update/
ONGC today have achieved our first primary pattern target of 300 on cash.
A daily close above 303 here would push prices further higher towards our second pattern target of 324.
view posted on 19th,june.
BANDHANBANK UPDATE
BANDHANBANK is attempting a break out from medium term downtrend,
A print of 205 would confirm a vibration pattern breakout which would have target objectives of 224 and 247 on cash in coming days.
ONGC UPDATE
ONGC has been one of the strongest STOCK in whole of PSU sector baaring DEFENSE,
technicaly setup is strong and during next few days we would continue to expect further higher highs here above MAY high of 292,
Looking at its pattern placement we would prefer to buy this STOCK at CMP and on dipps till 260 for potential target objectives of 300 and 324 on cash in coming days and weeks.
ICICI BANK UPDATE
ICICIBANK possibly squared out its PRICE with TIME at its 30th,APRIL high,
this PRICE and TIME SQUARING has happened from 2023 lows so the significance of APRIL high of 1169 is quiet massive, if STOCK sustains below this level for couple of more weeks then it could retrace its entire upmove from 2023 lows.
For near term 1100 is a key pattern support once that breaks stock should drift lower towards 1053 and 1005 on cash in next few days!
