DLF stock is currently exhibiting signs of a potential downward trend. A decisive close below the 806 level on the cash market would strongly confirm this bearish outlook. If this occurs, we could anticipate a decline towards the 760-720 support zone in the coming days. Furthermore, both January 6th and 8th, 2025, mark significant cycle dates, and we may witness a sharp downturn around these dates.”
Category: gann insides STOCKS UPDATE
PFC: Technical Indicators Point to Continued Weakness
https://ganninsides.com/2024/12/18/pfc-stock-recent-peak-may-signal-a-turnaround-465-445-in-sight/
“PFC achieved our pending cash targets of 465 and 445 during the past week. On December 18th, I shared a bearish outlook here, which was activated with a break of 488. Technically, the stock still seems bearish. December 27th was a critical cycle date here, so a sustained trade below the December 27th low of 450 should further accelerate the momentum on the downside. This should ideally drag prices towards its November low of 426.6. Once that breaks, a move towards 390 to 400 should be on the cards within the next nearest time cycle date, January 21st.”
Zomato: Analyzing a Potential Peak and Predicting Downside Risk
Zomato’s stock price recently peaked at 304.7 on December 9th, a level that technical analysis suggests might be a medium-term high. The stock is currently approaching a crucial support level of 266. A breach of this level could trigger a steeper decline, potentially targeting 244 and even 227.
For traders seeking higher risk, a short position could be considered. A potential entry point for this strategy would be a bounce towards the 290 level. This counterintuitive approach capitalizes on the expectation of a downward trend.
On TIME FRONT
“Tomorrow, December 27th, marks an important cycle date.”
“The Apollo Tyres Enigma: Unraveling Price Patterns”
APOLLOTYRES may have clocked a lower high at its December 9th high of 557. On the time front, December 9th was a critical cycle date. So, as long as the stock holds below its December 9th high, we would expect this stock to trend lower towards 495 and 465 on cash in the next few days. On the TIME front, the next critical cycle dates are due on January 1st and 2nd.
HDFC Bank Stock: 1800 or Bust?
“If HDFC Bank stock reaches 1800, it could signal a significant peak, potentially forming at last week’s high. A price breach below 1800 might indicate a downward trend, potentially leading to declines towards 1740 and then 1660.”
PFC Stock: Recent Peak May Signal a Turnaround, 465 & 445 in Sight
“PFC is teetering on the brink of a significant decline. A breach of 488 could trigger a sharp fall towards 465 and 445. The recent peak at 523 appears to be the top of this rally.”
“Subscriber Alert: HDFC Bank Target Reached”
Nailed it! HDFC Bank hit the 1820 target I predicted on 22nd Nov. Check out my post which i shared with subscribers.”
https://ganninsides.com/2024/11/22/hdfc-bank-weathering-the-storm-ready-to-soar/
HDFC Bank: Weathering the Storm, Ready to Soar
HDFC Bank has consistently outperformed the market, particularly during recent periods of volatility.
Price Outlook:
Strong Support Zone: The stock remains robust as long as it holds above the 1690-1710 range.
Upside Potential: A sustained position above this level could propel the stock towards 1820 and 1860.
Time Cycle:
Key Dates: Significant time cycle dates are approaching on November 25th and December 5th.
By combining strong price action with favorable time cycles, HDFC Bank is well-positioned for further upside.
SBI’s Decline Deepens, 731 Level Under Threat
https://ganninsides.com/2024/11/13/sbis-805-crack-could-unleash-bearish-tsunami/
SBI gave a print below 805 on NOVEMBER 14th and today have achieved both projected targets of 783 and 763 on cash. A sustained trade below 763 should drag prices towards 731.”
Apollo Tyres: A Significant Price Surge on Crucial Date
APOLLOTYRES got a remarkable turn on very important turn date of 14th,NOVEMBER.
On PRICE FRONT as expected as expected holding 440 a counter trend bounce have reached its primary target objective of 488 today.”
