SBI Double Top: A Breakdown is Brewing

SBI remains poised for a potential double top breakdown. On August 6th, I discussed the possibility of a vibration pattern breakdown triggered by a price of 794. While the stock briefly dipped to 795, it subsequently consolidated.
Despite the passing month, 794 continues to serve as a critical breakdown level. If breached, prices could potentially decline to 743 in the near term.
Additionally, the price and time factors are currently in balance. According to Gann’s theory, this alignment often indicates the potential for a substantial price movement.

Analysis of TATASTEEL: A Bearish Outlook

TATASTEEL is still bearish. On August 13, we were anticipating a break of its swing low of 148. Post the break of that, we were expecting a drop towards 140 in the near term. The stock dropped till 142 and then recovered.
Going forward, based on its geometrical angles of price and time, this low of 142 should break easily. The appropriate target on the downside would be at 138 in the near term and 125 in the slightly medium term.
Major resistance on the upside would be at 161. Significant time cycle dates would be on September 19 and 20, so do watch out for vibrations on these dates.

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.

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.