SPLPETRO: Gann Analysis Predicted the Rally — Reversal ahead or Continuation?

The Gann Square of 9 is a simple yet powerful tool for identifying key support and resistance levels, based on the principle that price moves in mathematical harmony with certain levels acting as magnets until they are decisively broken.

Check out the research below on SPLPETRO we had earlier covered this stock in our Vayu report dated 7^th September 2026.

Supreme Petrochem Ltd Daily chart: Anticipated as on 7^th September 2026

Anticipated as on 7^th September 2026.

• Supreme Petrochem outperformed the broader market, gaining over 6% with strong volume support.
• Prices have been managing to protect the previous session’s low on closing basis since 28^th August 2026, indicating strength in the ongoing move.
• Also, the stock has broken out of a Symmetrical Triangle pattern and has closed well above the Gann level of 757.
• Along with that, it is also trading above both the key EMA with the 20 EMA crossing above the 50 EMA indicating that the short term trend is shifting on the upside.
• Overall, price action and indicators suggest a bullish setup with potential for further upside.
• Long positions can be created above 783 with stoploss as 750 and target of 830 (One can book part tp near 800 – 805 and trail sl to cost).

Supreme Petrochem Ltd Daily chart: Happened as on 21^st September 2026

Happened as on 21^st September 2026

• It can be observed that the Gann level of 757 has acted as a magnet to the prices before with prices consolidating near the same for quite a sometime.
• Post breaking above the 757 level prices showed a strong move on the upside of more than 13% since then.
• Currently, prices are hovering around the Gann level of 871. Any follow-up buying above the same can push prices further higher towards the next Gann level of 993 or higher.

Conclusion

• The combination of Gann levels, price action and indicator suggests the stock is on the side of bulls.
• For now, a break above 880 can push prices higher toward next Gann level of 993 levels as long as it holds 800 levels on the downside.

Brahmastra (Mentorship on Timing the market) -

Learn to time the market to the very Day, Hour and Minute by combining the concepts of Hurst’s Time cycle on Index and stocks as well, Gann square of 9, Elliott wave, Neo wave and be a part of elite trader’s community who are Time Traders. Fill the form Now 

Trishul Membership – 

Options Trading with Elliott wave, Neo wave, Ichimoku cloud, and sacred science of trading & forecasting is covered in the Options Mantra Live Sessions – Online Session & Sutra of Waves Live Session – 10th – 11th October. Limited seats only. Fill the below form: