GREENPANEL GREENPANEL INDUSTRIES LTD. Given a complex pattern breakout. Buy on dipps till 280 for the Targets of 325 and 350 Positionally.

Archit Organosys Ltd. A BSE LISTED Company. BSE Identification Number 524640 SYMBOL ARCHIT ORG. Looking very strong on weekly as well as monthly setups. Given a Harmonic reversal in past week above 44. Worth adding this stock as short as well as medium term Holding. Makes sense to add 50% desired quantity at 44 and rest on dipps till 40. Harmonic Pattern is suggesting Targets of 54 and 64 positionally. It also awaits a Vibration Pattern Breakout above 51 which could trigger a massive rally in coming days. I wont be surprised if it went on to hit 88 looking at its Pattern in next few months. After hitting a high in June it went sideways for multiple weeks and now giving signs of stability. Very tough to find such reliable pattern from overall market. I had been very conservative with my stock selection at these levels. Better to stick with such strong Pattern rather then chasing the INDEX.

1 gapdown on #NIFTY would change the entire equation towards downside. Initial supports have shifted higher to 17190 on spot. This level shall be tested in coming days. Next week would be very important for Global Markets.

TANEJA AEROSPACE and AVIATION LTD. A BSE listed company BSE Identification Number 522229. Looks very strong on Price and Time Front. If we dint expected market to correct then would had bought at current market price. But because we are keeping a conservative approach at these levels would prefer to wait for a dipp here as well. The levels around 50 would be an excellent apportunity to add this stock. For the Harmonic Targets of 66 and 77 directionally. It have a Hexagon breakout pending above 63. Which once breaks could open up the Targets of 89 and 125 in medium term. Overall a good setup to chase but on dipps. Expecting some drama in Markets from next week.

SHREEPUSHK SHREE PUSHKAR CHEMICALS and FERTILIZERS LTD. Should be added in the zone of 180 to 210 for the Hexagon Targets of 270 and 325 in medium term. It also gave a Harmonic Channel breakout in past week. Whose targets also comes on simillar lines. Need to keep patience level quite high to exit on given targets. No it might not take 1 year to achieve Targets. But 3 months is a reasonable time to get the mentioned Target.

ICIL INDO COUNT INDUSTRIES LTD. has given multiple pattern breakout recently. Whether its Harmonic,Vibration or Hexagon you name the Pattern and it looks strong on all fronts. Should be added at current levels and not to be missed on dipps till 230 to 250. Cycle Targets in medium term would be 330 and 390. At the time when I expects correction in major Indices such pattern gives that margin of safety and the comfort to hold the position in cash.

TRIVENI TURBINE NSE SYMBOL TRITURBINE is very close to give a Harmonic Channel breakout which is placed above 154. The channel targets would be 207 in medium term. In near term we could see 170 and 190 above 154 on this stock.

NIFTY registered the best week of gains in past week since the giant rally we witnessed after the budget in February. It achieved all projected Targets on upside and even exceeded all projections. It is a very strong market Technically as of now. But chasing this upmove is very risky task. But as far as cycle supports are held things are fine for now in short term. This is a market where the risk of downside is much more greater then the joy of upside. So anyone chasing the rally must understand this fact. We are not at 15500 we have 17300 on our screens. So there is a huge difference in the approach. NIFTY has completed the Harmonic rotation from 15430 to 17200 so he correction of 6 to 10% is always possible. Anything above 17200 is a bonus which might not last beond 1 or 2 weeks. Even if we hit 17700 or 17800 in uforia ultimately it has to come back from there. As I mentioned last week above 17200 it’s very tricky to trade NIFTY. The only safe way possible is to hedge the long trades with December Puts. Personally not intrested to participate in the rally from here specially on NIFTY. Would rather prefer buying banking stocks in cash with a hedge. nifty bank Has to complete its unfinished business of hitting new all time high. Individual stocks are better then overstretched Indices. Coming to support levels now. 17000 and 36000 on both NIFTY and NIFTY BANK would be very important support levels in coming days. As far as these levels are protected setup remains buy on dipps. On TIME front important Time Cycle dates for this month would be. 6th of Sep,9th of Sep,14th of Sep,15th of Sep,21st of Sep,23rd of Sep and 28th of Sep 2021. The week starting from 13th of Sep would be very critical for Global Markets including INDIA. The month of September wont be easy for Traders. Lastly the sectorial breakup which I gave on 22nd Aug remains largely the same. It’s just the Individual out performance which is holding the index for now. I would be more conscious if I see 17500 on NIFTY in this week. Until the supports are held no point going short. Because the first lesson you learn in Technical Analysis using any methodology is to respect the trend. As traders we only can manage our positions and demotions. What’s important is to stay safe in such markets.

TD POWER SYSTEM should be added on dipps for the targets of 390 and 450 positionally. Safe traders could avoid.

NIFTY above 16660 completed the first target of 16820. And now trades very close to the second target of 17000 on spot. Above 17000 17100 it would get very difficult to trade this market
So need to stand at an exit door. Once the party ends on Dalal Street there could be a rush. Personally planning to reduce exposure significantly in some evergreen stocks like INFY HUL BRITANNIA L&T and ASIAN PAINTS. Holding these since last May Nothing wrong yet with long term cycles just a tactical move to raise cash levels. Large cap banks still worth holding. Globally NSDQ is slowly approaching zone of uncertainty. This tech index might get nervous in coming days. Time has come to be more watchful in Markets then being hopeful. Not to go short on futures. 16500 is a major support for now.