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.”

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.

“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 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.”

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 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.

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.”

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.”

“DABUR hit 506 today, achieving our primary target. If the stock continues to trade below 506, a test of the multi-year low of 480 could be on the cards. View posted on Monday.”

APOLLOTYRES has a massive turn date tomorrow, so expect a turn to take place. Results are also due today.
Significant support on the downside is placed at 440.
Holding that, a counter-trend bounce is possible towards 488 and 512 on the cash counter in the next few days.”