


BANK NIFTY has consolidated for more than 20 odd days now. The instrument is now showing a good Bullish sentiment. by forming Higher Lows. RSI on the Daily chart is also on the verge of breakout of the 60 zone. I have taken a Long position on it for a Target to 57,700 level This is taken on the H1 time frame and hence it makes it a swing entry for the June expiry...
HDFC BANK has been showing a Bullish price action off late. The stock was consolidating since 23Apr-25 and if you notice the price action, there has been clear HL formation. This has also led to a triangular pattern formation and now we have a breakout. While I was short on HDFC, I have cut that position now with a loss and taken long. EQ Target - 2200 level OPT...
NIFTY seems to be setting up for a short reversal trade. Lower High has been established. RELIANCE seems to be the main contributor to this. A potential target of 24,750 is likely in the next couple of days. P.S. Not a recommendation. Pls do your own due diligence.
AVANTIFEED is now showing good price movement for a Bullish expansion. There has been a significant price correction since April 2025. Thereafter, price has recovered and consolidated well with good HL formations which indicate that now Bulls are in control. I've taken Long position on the stock on swing basis. TGT: 1005 + levels P.S. Not a recommendation. Pls...
I put up in my earlier post last week that metal counters were looking Bullish and TATA STEEL did it's job. Now is the turn for HINDALCO. Similar price structure, similar price action. Today morning, there has been a good breakout from congestion zone. Long position can be built up for a Target of 690 price. P.S. Not a recommendation. Pls do your own due diligence.
CG POWER had been correcting since Oct-2024. After a massive decline, the stock has now found good support. The stock formed a low on 28th Jan 2025 and tried to reverse. Further on, it again corrected sharply when the Trump tarriff came into force. However, it could not breach its earlier low and now it has started to move upwards. I have built long position on...
CGPOWER has some interesting price action. The stock has declined more than 40% from its highs in Oct-24. Now, the stock is showing excellent Bullish tendency. Notice that it forms a low in Jan-25 and then continously forms Higher lows in Feb & March 2025. In April due to the Trump tarriff panic, the stock gaps down put again shoots back up. This signals that...
I'm Bullish on the Metal sector especially stocks like TATA STEEL & HINDALCO. TATA Steel seems to be in a nice consolidation pattern on the 1H chart and the buyers seem to be in control. Price has bounced off the major low support formed on 9th Apr-25. I have a strong hunch that the stock can test the 155 price level this month. That would be an impressive 9%...
Banking sector is now overbought. It is NIFTY that is now catching up with BN. God knows when that will happen. For now, HDFC BANK looks like the first from the index that's showing weakness. Clear rejection from the Highs. LH formations noticed. There's also a massive gap that needs to be filled which was created between 11th April close and 15th April open....
DIVISLAB rallied last week and there was a major sell off almost immediately. Now there is overall weakness with new LH formation. The stock is pretty overbought which I feel makes it a good candidate for a reversal trade. Hence, I've shorted it for a Target of 5800 price. SL - Bullish closing above 6140 P.S. Not a recommendation. Pls do your own due diligence.
MARUTI looks like it is bottoming out. Today it gapped down massively but the first hour candle has closed quite bullish. Notice the clear Inverted H&S pattern formation setting up on the 1 Hr chart. This actually firms my bias on the upside. I've taken Long swing position on MARUTI and plan to hold it for the next couple of weeks max. TGT - 12,375 level SL -...
Similar to my previous post on BN, Nifty is now setting up for a short trade. Notice that the index is struggling to make fresh highs. Notice the Lower Highs being formed. In my analysis, if we get a negative candle closing below 24,250 it can lead to short covering and we can have a snap back to the mean. This is again a Mean Reversion set up that I'm targeting...
BANK NIFTY seems to now be in overbought zone. Price is struggling to form new High and today morning there was a big sell off. There is also a H&S pattern formation visible on the 15 chart. Basis these, I have taken a short position for a Target to the 200 MA of the 15 min. This is a Mean Reversion trade as I feel that the BN is overstretched and a snap back is imminent.
HDFC BANK is clearly struggling at the Highs after the major gap up that happened due to the extended weekend. A beautiful Mean Reversion trade is setting up and I have taken a short position for a Target to the 1838 price level. This is a counter trend trade. PS - Not a recommendation
NIFTY is overstretched and we can expect some selling to happen now. The price is unable to form new Highs. We can expect a correction to 23,233 levels on an intraday basis.
BAJAJ AUTO is showing a good Bullish signal. The buyers look to be in charge as the price has broken out from the lows of 7600 price levels with continuous HL & HH formations. I've taken an option trade for a Target to 8300 price level. P.S. Not a recommendation. Pls do your own research.
JUBLFOOD is currently at strong support and reversing from here. The first hourly candle closed quite strongly and ever since then, the price has been forming HLs. Long reversal position can be built up for a Target to 647 price level.
NIFTY is showing positive intent in terms of a Mean Reversion. Notice the low of 11 March held. This signals Bulls in control. Long position can be built up for a Target to 22,900 level. SL - today's low.