BANDHANBANK is attempting a break out from medium term downtrend,
A print of 205 would confirm a vibration pattern breakout which would have target objectives of 224 and 247 on cash in coming days.
Category: gann insides STOCKS UPDATE
ONGC UPDATE
ONGC has been one of the strongest STOCK in whole of PSU sector baaring DEFENSE,
technicaly setup is strong and during next few days we would continue to expect further higher highs here above MAY high of 292,
Looking at its pattern placement we would prefer to buy this STOCK at CMP and on dipps till 260 for potential target objectives of 300 and 324 on cash in coming days and weeks.
ICICI BANK UPDATE
ICICIBANK possibly squared out its PRICE with TIME at its 30th,APRIL high,
this PRICE and TIME SQUARING has happened from 2023 lows so the significance of APRIL high of 1169 is quiet massive, if STOCK sustains below this level for couple of more weeks then it could retrace its entire upmove from 2023 lows.
For near term 1100 is a key pattern support once that breaks stock should drift lower towards 1053 and 1005 on cash in next few days!
DLF approaching a medium term reversal
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!
ASHOKLEY achieved our primary target
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 critical support
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 achieved our primary target
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 UPDATE
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 UPDATE
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!
