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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

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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.

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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.

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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.

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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.

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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

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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...

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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.

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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.

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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.

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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. ...

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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.

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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.

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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.

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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