DLF is approaching its significant multi pattern support which stands at 800 on cash,  800 is a medium term support here, if that breaks STOCK should enter in medium term corrective phase  which ideally would retrace decent portion of the entire advance from 2023 lows. for short term  once 800 breaks we should get stock towards pattern objectives of 767 and 735 in next few days.
Watch out!

https://ganninsides.com/2024/05/03/ashokley-update/

ASHOKLEY,, yesterday achieved our primary upside target of 223 on cash.
As we discussed on 3rd,of,MAY  it is a breakout after ages which have medium term target of 290.
So setup is still fermly strong next target here would be 247!

BANKBARODA is approaching its highly critical support of 250.
A break of 250 would technicaly reverse the uptrend here which have been going on since MARCH 2023.
There is a fare possibility that the entire rally officially ended at MARCH 2024 high of 285,
but we would still prefer to wait  until level of 250 is broken.
Once that breaks we would get 3,dimensional breakdown on gann setup which would have target objectives of 229 and 210 on cash  in coming days!

RELIANCE as expected stayed under pressure post its results  and today have achieved our primary target of 2825 on cash.
next is 2730 on downside.
On 22nd,APRIL just before its results i shared a post to subscribers explaining its technical setup.
sharing that for reference!

https://ganninsides.com/2024/04/22/reliance-view-before-its-quarterly-results/

ASHOKLEY is breaking out after ages.
A print of 202 have indicated upside price target of 290 in medium term here.
it has given a multi-pattern breakout  which theoreticaly have opened significantly higher targets for long term investors!

for short term stock is slightly overheated  so it could give a pullback towards 192 but that pullback should be utilize to add positions for pattern target objectives of 223 in next few days  and 247 in next few weeks!
Prefer cash over futures to minimise risk!

AMBUJA,CEMENTS have its results due on 1st,MAY before that STOCK is in a strong shape,
Technicaly a print of 641 would put it in a fresh orbit for further upsides!

Once it gets above 641 VIBRATION PATTERN would indicate targets of 677 and 717 on cash in coming days.
TIME wise 25th,APRIL was a key CYCLE DATE so a daily close above 25th,high would insure much higher levels in near future!

RELIANCE INDUSTRIES would come up with quarterly results today evening.
So let’s understand its technical setup before todays critical event!

According to time studies  the high registered here on 4th,march at 3024 seems a complete high  so i wont expect a fresh higher high here in near future.
TIME wise 23rd and 24th,APRIL  are going to be very critical annual time cycle dates as i posted in my sundays post, hens irrespective of how results are,, I would expect stock to stay under pressure during next 2,days  and specially on 24th,APRIL!

On PRICE front zone of 2880-2910 is a near term pattern support.
Once it breaks we could see a drop towards the MARCH low of 2825 and once that also breaks next potential target on downside would be 2730 on cash.
for slightly medium term I am expecting stock to drop below January low!

so whats the trade here?

An easy trade would be to short MAY future and hedge that with an OTM call.


or wait for support zone to break here which is at 2880 if 2880 is breaking then go for ATM puts on long side!