Trading HDFC Bank: From Breakout to Breakdown

https://ganninsides.com/2024/12/18/hdfc-bank-stock-1800-or-bust/

“In my December 18th post on HDFCBANK, I identified 1800 as a critical support level. A breach of this level would likely signal a decline towards 1740 and 1660. The stock indeed reached our first target of 1740 earlier this month and today has finally reached the second target of 1660. This represents a substantial decline of nearly 10% in a single trade, a surprising turn of events considering the stock’s apparent breakout from a three-year consolidation phase in early December. Since late November, we have successfully traded this stock on both the long and short sides.”

Predicting and Profiting from Zomato’s Decline

https://ganninsides.com/2024/12/26/zomato-analyzing-a-potential-peak-and-predicting-downside-risk/

“Zomato has proven to be an intriguing trading opportunity. On December 26th, I identified the December 9th high of 304.7 as a potential medium-term peak. Based on this, I recommended a short trading strategy, either below 266 or upon a rebound towards 290. As anticipated, the stock rallied towards 290 before sharply reversing downwards. This decline swiftly breached the critical support level of 266, subsequently reaching our projected primary target of 244 today.”

APOLLOTYRES: Trading Update & Market Outlook

https://ganninsides.com/2024/12/19/the-apollo-tyres-enigma-unraveling-price-patterns/

“As anticipated on December 19th, APOLLOTYRES traded below its December 9th high of 557. Today, it has achieved our primary target of 495. The stock consolidated until early January, but once price met with time during the 1st and 2nd of January, activity picked up. Technically, the next leg lower has begun, so our next target of 465 should also be achieved on time. The next critical cycle dates are due on January 27th and 28th.”

Downside Risks Emerge for GODREJPROPERTIES

“GODREJPROPERTY had a very important cycle date yesterday. So, a daily close below yesterday’s low of 2621 is likely to trigger a major breakdown here, which would have very wide targets until early March. For the short term, on the price front, 2550 is an important support. Once that goes, a decline towards 2490 and 2440 is possible during the next few days. A break of 2550 would also open up a trajectory towards 2160, possibly until early March.”

The SBI Enigma: 210 Days of Range-Bound Trading

SBI Stock Analysis: 210 Days in a Box, Potential for Downside

“For the past 210 trading days, SBI stock has been confined within a narrow range, bounded by the intraday high of June 3rd and the intraday low of June 4th. Despite numerous attempts, it has failed to break out of this range on either side. We have diligently monitored this stock throughout this period.

Historically, I have consistently emphasized the significance of the 760 level as a crucial support zone for SBI. I now anticipate a potential breakdown of this support in the near future.

A critical cycle date occurred on December 30th. A decline below the December 30th low of 785 would strengthen the bearish outlook, likely driving prices towards the 760 support level. A breach of this support could then pave the way for a move towards the June 4th low of 731.

The next significant cycle dates to watch are January 17th and January 31st.”

ICICIBANK: Key Dates and Price Targets for Short Sellers

“ICICIBANK presents an opportune moment to initiate short positions following today’s rebound. If the stock remains below 1320 and 1340, a decline towards 1225 and 1155 is anticipated in cash prices throughout January. Key time cycle dates to monitor are January 9th and 13th. As previously indicated in October, the stock’s September 20th high likely marked a significant peak. This assessment has gained substantial credibility in the intervening three months.”

DLF Stock: Navigating the Storm Clouds

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.”