LG Balakrishnan & Bros Ltd View

LG Balakrishnan & Bros Ltd. NSE SYMBOL LGBBROSLTD Another excellent setup in cash market which should not be missed. Not much interested to give 30 or 40 rupee target here. This kind of pattern deserves good amount of respect and patience. Keep adding on dips till 430 to 460 for the pattern targets of 545 610 670 and 780 in medium term. Have enough confidence on this setup to exit at 780 so hold it tite.

NIFTY Update

NIFTY have a strong structural support in the zone of 17550 to 17700 on spot. Trades on both sides hasn’t worked well since previous week. We continue to maintain our conscious stand on markets but would prefer to avoid short trades now until NIFTY breaks 17400 on spot. There is nothing called safety in this market. September was an exilent time. To get a decent correction on index ut accept INDIAN MARKETS all major markets cooled off from their highs. So as traders we are left with only 2 options. 1 avoid participating the rally on upside. 2 chase this momentum on upside. Another viable option is to get into strong cash market stocks and let the NIFTY go on it’s way. As long as 17400 is protected we could se levels of 18220 and 18640 on higher side. Better to keep volumes thin while trading options if possible prefer trades in cash market.

Pudumjee Paper Products Ltd. View

Pudumjee Paper Products Ltd. NSE SYMBOL. PDMJEPAPER Looking strong on Harmonic pattern. Worth adding on dipps till 40 to 42. For the Targets of 54 and 65 in medium term. The Vibration Pattern breakout here is placed above 51 which would make the setup more stronger. This is an excellent stock to get in if you are a pattern trader in cash market stock. Could avoid it if you are keen to chase index

Sree Rayalaseema Hi-Strength Hypo Ltd. View

Sree Rayalaseema Hi-Strength Hypo Ltd. NSE SYMBOL. SRHHYPOLTD Another incredibly strong setup which generally goes without any notice. Many might not be aware of such a company. But the structure and the setup here is very strong. Need to plan an entry in the zone of 330 to 360 for the targets of 450 and 500 directionally. This will give a Hexagan breakout above 400. Then 467 and 525 would be its hexagan targets. 25% rally here wont be a big deal in near term.

SHREEPUSHK Achieved 1st Target

There is some serious rally going on in few cash market stocks. 1 such stock is SHREE PUSHKAR CHEMICALS AND FERTILIZERS. Posted view here on 8th of sep 2021. Provided a decent entry in the later part of Sep and completed the first Hexagon pattern target of 270 yesterday. That’s a massive return in a month. Pattern traders can still hold it for the second target of 325.https://ganntradersaahil.wordpress.com/2021/09/08/shree-pushkar-chemicals-and-fertilizers-view/

TNPETRO View

TAMIL NADU PETRO PRODUCTS. NSE. TNPETRO. Looking strong on all available patterns which are presented in Gann Theory. Just a minor challenge lies at 153 which shall surely get crossed. Forget short term focus on big patterns. And the big pattern is suggesting targets of 188 and 223 here in medium term. All dipps should be utilized to add the positions.