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AVANTI FEEDS is showing good Bullish tendency. The stock has broken out of the 50% Fib retracement zone of the previous decline and is now forming HH & HLs which shows that Bulls are in control. Long position can be taken for a Target to 840 price level. SL - 645

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ITC has formed a reverse H&S pattern on the Hourly chart as you can see from this image. Price is now holding the Weekly Pivot and this is a good sign of reversal from the lows. Long trade can be entered for a Target of 450 price level. SL - 435

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ASIAN PAINT earlier trade SL has been hit and it is now clear that there is a reversal in play. I have taken the SL and have entered a Fresh long position for the Feb series for a Target to 2350 price level. New trade SL would be today's low.

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Further to my previous Swing Short Trade given on ITC based on the Daily Charts, here is a Trade on the short side for those looking to take entries based on the Hourly chart. ITC can be shorted for an STBT trade since it has rejected yesterdays low and is also unable to sustain the weekly pivot. Target - 432 SL - Todays high

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BANK NIFTY is presenting a shorting opportunity as it breaks down from yesterdays low and the Weekly Pivot. The overall trend remains weak and probably it is heading into some kind of double bottom formation before a relief rally. For now, BN seems to be trading in the range between 47,900 & 49,500. Shorting target - 47,810 SL - Todays High

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ASIAN PAINT has presented an opportunity for shorting. The stock has taken out yesterdays low and broken the Weekly Pivot zone as well which is a good entry signal. Target of 2213 is likely to be achieved within the next couple of days. SL would be today's high.

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NIFTY is facing major rejection from the long term trend line resistance zone. The Trend on the Daily Charts continues to be Bearish. If NIFTY closes below 23,215, it can be shorted for a Target to 23,034 on an Intraday or STBT basis. If NIFTY closes today with an O=H Bearish Daily Candle, those looking to Swing Trade can short it for a Target of 22,590 level.

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BRITANNIA has seen buying step up this week. Price is holding the Weekly Pivots and HL formations suggests buying is in progress. The earlier short position needs to be exited and fresh long position can be initiated for a target to 4987 price levels. SL would be todays low.

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HEROMOTOCO is weak on Intraday basis and on the Daily charts. Price has been correcting since the start of January which is in continuation with the overall long term Bearish trend since Sep 2024. Short position can be taken on Intraday basis since the price has clearly rejected the Weekly Pivots. Target would be 4004 price level. SL would be 4090 level. Though...

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As per my Pre market analysis, BN is holding on the Hourly high levels and the Weekly Pivots. An Intraday long position can be initiated for a quick target to 49,364 level. SL will be the current days low.

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JUBLFOOD is showing good amount of weakness from the open. The first hour of price action is indicating complete negative bias and the overall trend also seems to be weak. Short position can be initiated for a Target to 673 level. SL will be todays High.

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NIFTY BANK ended the previous week with an indecisive Bearish Pin Bar type Weekly Candle. Last Fridays Daily candle closed with a Bearish Pin Bar which as per my view has formed an intermediate bottom. However, price is still trading below key moving averages. This means the trend is intact and Bearish in nature. Price also is in oversold zone in comparison to...

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NIFTY ended the previous week with an indecisive Doji type Weekly Candle. Last Fridays Daily candle closed with a Bullish Pin Bar. However, it is still trading below key moving averages. This means the trend is intact and Bearish in nature. Price also is not too oversold in comparison to Bank Nifty which looks pretty oversold at the moment on a short term...

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BRITANNIA has been in a downtrend since 03rd Oct 2024. It broke the crucial long term trend line on 12th November 2024 and then tried to go retest that trend line. However, the stock has gotten rejected even before that trend line was tested and now we can clearly see it headed towards an intermediate trend line which has been in play since March 20222. Those...

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If ITC closes today with an O=H type pure Bearish candle, then short position can be initiated for Jan/Feb series for a Target to 415 price levels. As you can see, price has rejected the key moving averages and is constantly forming lower lows which is a sign of weakness. The trade suggested here is based on the Daily candles and hence risk is to be factored in...

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HINDUNILVR is showing further signs of weakness and has rejected the Monthly Pivot and the Weekly Pivots this week. Those looking for an STBT type set up can short it and exit around 2312 levels. Those looking to hold on Swing basis can look for target till 2256 price levels.

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BANK NIFTY is showing signs of an Intraday short covering reversal trade on the 15 min charts. This is a weak reversal and in no way indicating that bulls are in charge. A 600 point move can be anticipated till the level of 49,525 price. SL will the today's low.

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NIFTY is showing signs of an Intraday short covering reversal trade on the 15 min charts. This is a weak reversal and in no way indicating that bulls are in charge. A 100 point move can be anticipated till the level of 23322 price. SL will the today's low.