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.

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.

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.

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,  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, 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.