BAJFINANCE is correcting from its Highs. Stock is continuously forming Lower Highs and has broken the Weekly Pivots. Short position can be taken for a Target to 8062 price level. Overall Trend still remains intact. This is a mean reversion set up.
One of the few Nifty 500 stocks which is showing Bullish price action is AFFLE. The stock is consistently forming Higher Lows and is now perfectly poised to breach new levels. Notice how the price is trading comfortably above the Monthly Pivot which indicates Bulls are in control. I've taken a long position in the stock for a Target to 2100 price level.
BANK NIFTY is showing a tendency to correct after the Weekly Pivot got rejected today in the first session of trading. We can anticipate the price to correct further towards 49,160 levels which should see a good support.
NIFTY is now in a Bullish trend on the Hourly chart. Price is making HLs and this means that for now the Bulls are in control. Long position can be built up for a Target to 24,150
DR REDDY is showing a Bullish price reversal pattern on the Hourly chart. Buyers stepped in on 30th Jan and stock has been forming Higher Lows since then. Today the hourly candle too has closed positively indicating that Buyers are firmly in control. Target - 1271
RELIANCE has bottomed out. Price has been forming Higher Lows since 31 Dec 2024. Price broke out from 1267 levels, dipped and today's O=L candle confirms that Bulls have taken control. It is quite possible that RELIANCE will hit price level of 1382 in the Feb series. SL will be today's low.
BAJAJ AUTO is correcting from the Highs. Lower Highs formation noticed. We can anticipate a correction further to 8675 price levels which should be a good support. An intraday trade is certainly setting up my that logic.
ASIAN PAINTS is correcting from the Highs. The Lower Highs being formed validate that the Sellers are in control at the moment. I've taken short position for a target to 2271 price level which I'm assuming would be hit either today or tomorrow.
Price action on the Daily charts confirms Bullish sentiment on HINDUNILVR. Notice how the price is holding the 20 MA and also the Monthly CPR. This is a clear confirmation of a reversal from the lows. First Long Target - 2550.
NIFTY is now starting to reverse like Bank Nifty and the Bulls seem to have taken control from the Low. Look at the Higher Lows being formed and a fresh new Low isn't able to form. I've taken a long position and will be holding it for Feb week-1 expiry. Target - 23,600
SBIN is also reversing as is the case with HDFC BANK, ICICI BANK. This is why my earlier post of BANK NIFTY Long reversal was put out. Naturally when heavyweights behave similarly, the Index will also move accordingly. My forecast is that SBIN will also achieve a Target of 782 in the coming day or two. P.S. This is not a Recommendation. Please do your own...
NIFTY BANK is reversing from the long term trend line. This seems to be like short covering happening. However, this short covering can be participated in for a long trade till target 50,120. This short covering is happening courtesy ICICI BANK and HDFC BANK. In fact, a similar trade is also setting up in HDFC BANK.
ICICI BANK is reversing from the Lows and the Price action is showing clear Bullishness. A BTST type trade is setting up for a Target to 1268 price level. SL - Today's low.
DIVIS LAB is showing a positive reversal price action from an area of strong support. This support zone has been formed from Oct 2024. Those looking to trade BTST can enter long for a Target to Daily R2 level which is around 5681 price.
BHARAT DYNAMICS has recently been in the news for Govt. order purchases. The stock has been exhibiting Bullish price action since the beginning of 2025. As you can see, the price tested the 50% zone of the last correction since July 2024 and after rejecting that level, it has given its first Higher Low. This would be a good entry zone for Best Risk to Reward. ...
KOTAK BANK is overbought and it showing signs of reversal from the highs. Observe the Lower highs being formed on the hourly chart which means that the buyers are unable to take the price any higher. The first hour candle has closed quite bearish. I've taken short position for a Target of 1830. SL is current day High.
BANK NIFTY has formed a base and is showing tendency to reverse from the Lows. Higher Lows are being formed. Price had rejected the Weekly Pivot and is now holding it which means that there is Buying happening. In most likelihood, there will be a short covering reversal. Target - 50,200 SL - Todays' low.
NIFTY is forming a Reverse H&S Pattern on the Hourly chart which is indicating a reversal from the lows. Yesterdays High has been taken out. I've taken a long position for a Target to 23,559. SL will be todays Low.