Titan’s results are due today. This is a crucial day for the stock, as it could significantly impact its price movement. The stock is currently trading near a critical support level between 3150 and 3180. This suggests that the stock may be oversold and could be due for a rebound. If the stock can hold this support level, it may attempt to rally towards the 3350-3400 zone. However, a break below 3150 would be a strong bearish signal. This could lead to a sharp decline towards the 3070 and 3000 levels in the next few days. The next significant time cycle date is November 18th. This date could mark a potential turning point for the stock, so it’s worth keeping an eye on.”
Category: gann insides STOCKS UPDATE
JSWSTEEL and DLF UPDATE
JSWSTEEL today have achieved our near term target objective of 942 on cash.
A lower low below todays intraday low should drag it towards our 2nd target of 900 before 6th,NOVEMBER.
View posted on 21st,October.”
DLF have cracked really hard from 21st October high.
STOCK is now testing its 1X1 angle at 756.
If that holds then expect some bounce.
But if breaks then selloff should continue towards 720 and 690.
ITC UPDATE
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 both targets
TCS achieved our pending target of 4050 today.
We have been bearish on this STOCK since 10th October.
DLF a perfect TIME rejection
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 Stock Outlook: Potential Reversal on the Horizon
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: Act Now Before the Price Drops
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: Eyes on Results, Support at 1095
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.
Harmonic Analysis Points to ITC’s Short-Term Correction
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: Bearish Outlook”
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.”
