MAHINDRA AND MAHINDRA View

M&M. MAHINDRA and MAHINDRA. Giving an early signs of coming out of consolidation. But would conform only above 822 on cash for the HARMONIC TARGETS of 860 901 and 940 in medium term. It recently gave a Squaring Pattern Breakout above 792. So would surely make an attempt to test 820 in coming days. Above 822 it shall resume its uptrend. Auto as a sector has been going through a tough phase in recent months. But if things seems improving then M&M would be the first one to rally on upside.

NIFTY UPDATE

After a Long wait the patients finally payed of for INDEX TRADERS. We finally got the much awaited Breakout on NIFTY above 16000 and completed our Pending Target of 16200 on Spot. After a 500 points rally in a single weeK SOME CONSOLIDATION would be healthy for overall setup. Last week I posted that we are going around 17000 on NIFTY eventually. Still maintain those targets in Medium Term. It took 120 days approx to complete the Journey from 15000 to 16000. 17000 might not take that long. For very short term we have a very strong support on NIFTY in the zone of 16000 to 16100 on spot. Until this zone holds dont bring thoughts of shorts. We might test 16460 and 16600 in very near term. Upcoming Important Time Cycle Dates for Markets would come at 13th Aug and 23rd Aug.

SAIL Gann Analysis

SAIL. STEEL AUTHORITY OF INDIA LTD is in a Prolong uptrend since October 2020. Price has gone up by 5 times in last 10 months. Currently the stock has been consolidating in a range since last few weeks. Well we should rather look it as preparations for a next leg of rally above the High of MAY. The HARMONIC and VIBRATION PATTERNS here would give a strong breakout above the zone of 156 to 163 on cash for the PATTERN Targets of 180 and 198 in coming weeks. Above 171 price also would give a HEXAGON Breakout whose Targets are placed at 210 and 270 in coming months. HARM MONIC CHANNEL also is Suggesting similar targets. So Price is strong enough. Moving on to TIME now. Starting with Price and Time Squaring Dates would be on 20th Aug,23rd Sep,9th Oct,26th of October 2021. Weekly Price Time Squaring would happen in the week starting on 27th December 2021. Other TIME CYCLE DATES WOULD COME AT 10th of Aug,16th of Aug,24th of Aug,8th of Sep,20th of Sep,1st of October and 14th of October 2021. You need to have patience to trade such Patterns and make 40 to 50% of gains on your holdings. Because Patterns take TIME to develop and Deliver.

JSW STEEL Update and Road Ahead

In Past I repeatedly posted my Bullish view on METALS. Also suggested few trades from this space. 1 such stock has completed its Targets on Upside. The stock is JSW STEEL
Posted my view on it on 12th of July 2021. Gave entry above 710 on 19th of July. Completed first target of 740 on 29th of July and second Target of 771 has been achieved today. But the Story doesn’t end here. It’s a beginning of a new cycle on upside. Near term Vibration setup suggests levels of 810 and 850 shall be tested in coming weeks. But the HARMONIC CHANNEL is signaling price Targets of 900 and 1041 on cash in medium Term. It would get very lengthy if I explain it in GANN TERMS. Another point to understand is these targets are not going to come overnight. There are few obstacles in between but ultimately these channel targets shall be completed in next few months.

BHARTI AIRTEL HITS 1X3 ANGLE Today

BHARTI AIRTEL on its TIME SQUARING date achieved the VIBRATION SETUP target of 598 on cash above 564. 598 also was 1X3 Angle from the Top of 623 made on 4th of Feb 2021. Have mentioned these points in my analysis
Which was shared on 19th July. Crossed 564 on 28th of July 2021. In the same post also shared its TIME SQUARING dates. Next review on it at 650 which is an eventual target. It would square out its price at 626 on cash. So have patients.

What Next on NIFTY Now

NIFTY today achieved the Target of 16200 on spot. The level which was shared repeatedly by me in my weekly updates since last 2 months. If you had been following this space
Then you are well aware on my Positive stand on overall market. Several times in past I mentioned the Importance of 16200. So wont repeat that again. Now what’s next from here that’s an obvious question! On vibration setup near term challenge lies in the zone of 16400 to 16650 on spot. Till then no real challenge is visible. But if we go a step further and understand what the Rectangle Pattern is suggesting us. Then it’s clear that NIFTY is testing 17000 in next few month. Mark this level on your charts. Short term volatility is part of this Game. But keep System Distancing from shorting the INDEX. Keep a neutral stand on NIFTY BANK until 36100 is crossed on upside.

Update on DEEPAK NTR

DEEPAK NITRITE LTD completed all its Vibration and Hexagon Targets Today. Targets were in the range of 2012 to 2140 on cash. First 2 Targets were achieved on 30th of July
And another 2 Targets were achieved Today. View posted on 9th of July 2021. Stock selection has been very tough in last 2 months for swing traders. But few stocks had done exceedingly well. Correct Stock selection has been the Key. And we had been successfully Identified such strong Patterns to Trade in recent past. Would continue to search for similar pattern in future as well. Coming back to DEEPAK NITRITE again
Although positional targets are achieved here the structure is still very strong. And the RECTANGLE PATTERN breakout above 2110 is giving an extra bit of confidence. Pattern Traders can hold it for the Targets of 2500 and 2700 on cash in medium term.https://ganntradersaahil.wordpress.com/2021/07/09/deepak-ntr-view/