“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.”
Tag: #gann #stocks #updates
“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.”
DABUR Plummets: Key Support Breached
“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.”
Apollo Tyres: A Double-Edged Sword: Turn Date and Results
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.”
SBI’s 805 Crack Could Unleash Bearish Tsunami
SBI is setting up for a PRICE AND TIME breakdown below a print of 805 on cash.” “A breakdown below 805 in SBI could trigger a sharp decline, potentially reaching 783 or even 763 in the short term.” 763 is significant support if that breaks move towards 730 should be swift.”
NIFTY’s Downward Spiral: Will 23,500-23,600 Halt the Fall?
NIFTY gets a lower low below 23,816, which is on very much expected lines. Yesterday’s close literally confirmed a fresh lower low. This fresh breakdown makes way for a test of the significant support zone of 23,500-23,600 on NIFTY spot going forward. The setup should get really interesting once NIFTY gets closer to 23,600.”
Despite the market’s weakness, a sharp, sustained downturn is unlikely. The current market conditions differ significantly from those in early October. Therefore, a nuanced approach is necessary to capitalize on potential opportunities.”
Now reed it very carefully.”
A rebound from the 23,500-23,600 support zone remains a plausible scenario. However, if this level is breached, the ultimate support lies at 23,000, a critical 45-degree angle support line from the September high of 26,277. Historically, such strong support levels often trigger significant price reactions.”
Stay tuned for further developments as the market navigates these crucial levels.”
Is DABUR Headed for a Multi-Year Low? Technical Analysis Suggests So
DABUR has been consolidating over the past few days.
That consolidation broke to the downside today.
We have a pattern support here at 523; a break below this level could generate a move towards 506 and 491 in the next few days.”
A sustained trade below 523 should put prices under significant pressure, potentially breaking its multi-year low of 480 going forward.”
Important Dates: Keep an eye on 12th and 21st November as these dates could be significant for potential trend reversals or continuations.
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