ITC achieved our short term target objectives of 472 today.
Our medium term target of 444 is still intact.
View posted on October 14th.”

TCS achieved our pending target of 4050 today.
We have been bearish on this STOCK since 10th October.

https://ganninsides.com/2024/10/11/dlf-bearish-outlook/

DLF is a perfect example of what we call in gann theory a picture perfect TIME rejection.
As posted on 11th,October keeping below 890 stock was likely to break below its swing lows.and major fluctuations were about to start from 21st October.
And what a fall it has been from 21st October high.

TECHM is poised for a significant price and time reversal. Yesterday’s high of 1761 closely approaches the critical price level of 1800. On the downside, support stands at 1680 on cash. Should the price break below the 1680 support on a cash basis, a sharp decline toward 1625 and 1565 is likely within the next few days. On the time front, October 24th and 25th are very strong cycle dates.”

JSWSTEEL potentially reached a significant high on October 4th at 1063. While the mathematical analysis is promising, additional technical indicators are required for confirmation. From a price perspective, a daily close below 970 could signal a potential downward trend. If JSWSTEEL breaches this level, it may be pulled lower towards its Gann angle support at 942. A break below 942 could further exacerbate downward pressure, potentially leading to a decline towards 900 in the near term. Regarding time-based analysis, there are no significant cycle dates until November 6th.”

AXISBANK has its results due today evening. Before this critical event, the stock has been positioned bearishly. There is no nearby time cycle due until October 30th, so for now, we just have to focus on price. And on the price front, the medium to long-term support for this stock is placed at 1,095 on cash. A break of 1,095 should drag prices towards 1,055 and 1,015 in the next few days. As long as the stock holds 1,095, it’s likely to consolidate until October 30th.

ITC likely formed a significant high on September 27 at 528. If we analyze the stock’s movement using basic harmonics from the March 12 low, this high appears to have been reached with mathematical precision. Looking ahead, we anticipate ITC undergoing a medium-term correction, potentially targeting 444. In the short term, the stock may test 472 in the coming days. While ITC is generally a slower-moving stock, we expect increased activity starting around October 18.”

DLF is in a medium-term downtrend. The stock hasn’t done much since the major high registered on April 1st. For the past six months, the stock has been consolidating in a defined range. However, we now believe that this consolidation is likely to break to the downside.” If the stock remains below 870-890, it should break its swing lows of 815 and 800 in the next few days. From a timing perspective, major price fluctuations are likely to pick up starting on October 21st.”

“ICICIBANK’s September 20th high may have marked a significant turning point. The stock appears poised for further downward movement. A potential rebound to the 1260 level presents an opportunity to increase short positions. However, if the stock breaks below the 1215 support, it could signal a more pronounced decline. In such a scenario, the next target is 1160 within the coming days. A breach of 1160 could lead to a further drop to 1100 in the weeks ahead.”

TCS has an exciting setup. Tomorrow, on October 10, exactly before its quarterly results, the stock is likely to square out its price with time from its November 2023 low. Technically, when such a price and time squaring happens, the stock witnesses a major trend shift. So, post-results, expect a very sharp reaction in the next few days. And looking at the pattern placement on the price front, we are expecting a sharp move to unfold on the downside. Hence, we are looking for a shorting opportunity at CMP and on upsides up to 4350 for potential target objectives of 4150 and 4050 on cash.