Zomato has formed a cypher pattern on weekly time frame. On short to medium, it has potential for following targets. 254 / 266 / 280 / 305 / 330 / 350 242 & 254 is a strong resistance, weekly close above this will have above potential. Consider 200 to 180 as SL. or It could be considered as buy on dip stock.
With Fib retracement Nifty small cap index has potential to reach 12,450 It will have following targets. 14800 / 14100 / 13850 / 13100 / 12450
DLF has shown Triple top breakdown and with this it will have following targets Target1: 655 Target2: 580
ITC on weekly time frame has broken support channel. Moreover, it has formed crab pattern. With this it has potential for 300 with following levels. 380 / 360 / 350 / 320 / 300. SL:425
Hindalco forming Cypher pattern. It will have a resistance at 665. Weekly candle close above 665 will have potential upside with following targets Target1: 665 Target2: 700 & 725 Tagrte3: 775, 830 & 900 At current state SL: 550 At 665, SL: 640
ApolloTyre has formed H&S pattern on weekly time frame. It will have potential for 300 target in short term. SL: 450 Target: 390 / 360 / 330 / 315 / 305 / 300
IREDA has formed shark pattern it has immediate target for 200. with SL 190. Consecutive 3 candles close above 200 will open targets as below, Target2: 210 / 220 Also in short term it will have possible target for 250 / 270.
SBI is on the verge to form Butterfly pattern it has potential to reach 650 target with following support. 720 / 700 / 680 / 650
Godrej Properties has confirmed Head & shoulder pattern breakdown. With this breakdown, following targets possible. 2000 / 1885/ 1750 / 1600 SL: 2470
LT has shown Head & Shoulder pattern formation, it there is a breakdown then it has possibility to have following targets; 3260 / 3100 / 2930 / 2850
Bombay dyeing has completed Bullish shark formation and it has potential for following targets; Target1: 200 (Weekly candle close above 201 will have following potential) 215 / 232 / 287 / 325
MCX is on the verge to form Cypher / Shark with following targets possible 5400 - 5200 (200 EMA) - 4800 - 4700 In worst case it can go up to 4500 / 4200 Consider 5800 or 20 EMA is resistance / SL.
WelspunLiv has shown increase in volume, MACD levels are rising With Cypher pattern formation it has next resistance at 180. Any day candle close above 180 will have next target of 200 / 215. Above 213 it has potential for 230 / 250
Tata Consumer products has shown triangle pattern breakdown. It could reach to 650 - 550 by March 2025.
Head & Shoulder pattern break down in Silver, It will have possible target of 27 / 25 / 24
Vesuvius has formed confirmation for bearish pattern to form Cypher / Shark. It has potential for below targets; 4400 / 4000 / 3800 for Cypher pattern. It may also touch 3350 if gives confirmation of shark formation.
DMART has confirmed Bearish Cypher pattern formation, It has potential to reach to below targets; Target1: 3558 Target2: 3300 3300 is a strong support if broken on Day time frame then possible following targets; Target3: 3180 Target4: 2900 Stop Loss: 3785 on Day close basis
Following my post on August 5 after a dead cat bounce, Nifty has started to form Cypher or Shark pattern on weekly time frame. For a Cypher pattern: it will touch 23870/23216/22800 To form a shark pattern fall may extend up to 22300. It is expected to complete this by December end.