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...
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.
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.
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...
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...
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...
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...
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.
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.
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.
BN is showing the first sign of a Bullish reversal. This is more of short covering rather than Bulls taking control. Target would be 48,900. BN still continues to be a sell on rise.
RIL is struggling to maintain price above the Monthly Pivot and now there is an obvious rejection from the Weekly Pivot too. A short trade can be initiated up to the Weekly next swing support zone of 1215 price level. SL will be today's high.
TITAN has seen a strong sell off from today morning after the initial first hour rally. This indicates that the Bears have control and the stock can now see some strong correction towards the 3284 levels. A Swing type trade can be initiated with a SL above today's high.
Like it's FMCG counterpart BRITANNIA, UNILEVER too is exhibiting Bullish tendencies today morning and it looks like this counter is going to remain Bullish this week. It has broken out from the Weekly Pivot on the upside and could test 2489 price levels by tomorrow.
Britannia price action is bullish today as it has broken out of the Weekly Pivot indicating that buyers are very much in control. Long position can be taken for a target to 5076 price level.
Bharti Airtel is breaking out of low Volatility compression and has shot up today breaking out of the Weekly Pivot in the first hour of trading. Long BTST position can be taken for a target to 1638 levels. If Bharti closes today with an Open = High type daily candle, then the position can be held till 1662 levels.
The weekly chart structure of Nifty is dangerous. This is a sign of clear weakness. Last week's candle is a pure bearish candle that has rejected the Yearly Pivot for 2025. This means one thing - We are in all likelihood headed for a big crash! The next logical support is around 21,100 level which I feel could also be taken out eventually and then we could see...
Maruti price action depicts weakness. Lower highs being formed after a brief rally. This is a clear sign of reversal from the top. Short position can be taken for a target to around 11,400 price levels.