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Weakstock

NYKAA Next support is 38% awayNykaa 1. Lower High lower Low Structure 2. This week broke previous support @ 162.50 levels 3. Trading in Un-charted territory 4. Further support can be derived with the help of Fibonacci. 5. Plotted Fibonacci Extension connecting swing high of 428.95 and 315.45 and swing low of 203.15. 6. Fibonacci giving us the next support @ 89.65, which is 38% below the current Price. 7. Structure is super weak, plus the market overall is also weak, hence anything is possible. 8. Keep stock on the radar, and track price action to see if it forms any support in between the current price and Fibonacci support. 9. Don't bottom phish this stock as it has its IPO Price with Huge Volume, and the same levels would now act as strong Resistance 10. Resistance: 180-190, support at 100-90
NSE:NYKAAShort
by manuagarwal21
Not enough LUVAirlines are not doing well still despite a bunch of propping up by various institutions. These earnings are going to be absolute garbage and the broader market is also gonna tank too. I expect a rally to the 44-45 range with a likely rebound Monday in the broader market. After this, there is nothing holding airlines up for the foreseeable future. What bullish catalyst exists for airlines right now? They've been on life support since the get-go and the labour shortage along with Omicron has completely wiped out Q4 earnings for airlines. TA-wise, it's rejecting the 500 day MA on the daily and is looking week on the RSI and MACD. Price action suggests serious bearish sentiment in the short term. I also put up a Fib retracement from the COVID crash and it's lining up well. Basically this area being rejected is another piece of evidence for serious downside. Also an evening star on the weekly confirmed. Puts and shorts ?
NYSE:LUVShort
by nathanielandrep
ACC - Weak Price ActionThe price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels. To continue weakness, should sustain below 1900 levels. Immediate resistance is around 1860 The trend change level is 1900. In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in the stock. Disclaimer: These posts are for educational purposes, if you are trading this, Trade at your own risk.
NSE:ACCShort
by manuagarwal21