APOLLOTYRES, is setting up for a HARMONIC PATTERN breakdown.
A Print below 489 would drive prices under motion on downside towards 462 and 430 on cash.
TIME CYCLES too are pointing towards more downside atleast till 25 SEPTEMBER.
Category: gann insides STOCKS UPDATE
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.
GODREJCP setup
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.
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.
