RELIANCE INDUSTRIES LTD OVERVIEW

RELIANCE INDUSTRIES LTD (RIL) based on the chart you shared, written so you can directly use it for client communication or a poster under Shreeji Finance & Investment, Hathijan Circle, Ahmedabad.

📊 RELIANCE INDUSTRIES LTD – TECHNICAL VIEW 🔍 Current Price (approx): ₹1,406 📉 Trend: BEARISH (Downtrend) 🔻 TREND ANALYSIS Price is making lower highs & lower lows

Trading below 9 EMA & short-term moving averages

Price is moving inside a falling channel

Any rise is facing selling pressure

➡️ Trend clearly favors SELL side

📌 SUPPORT & RESISTANCE LEVELS 🟢 Support Zones ₹1,400 – 1,395 (Immediate support – tested)

₹1,365 – 1,350 (Next strong support)

🔴 Resistance Zones ₹1,440 – 1,450 (Immediate resistance)

₹1,480 – 1,500 (Major supply zone)

📉 RSI (14) ANALYSIS RSI near 23–30 zone

Indicates oversold condition

No strong bullish divergence yet

RSI turning up slightly → short bounce possible, but trend still weak

⚠️ Oversold ≠ Buy confirmation ➡️ Wait for price action confirmation

🎯 TRADING PLAN (HIGH PROBABILITY) 🔴 SELL ON RISE (Preferred Setup) Sell Zone: ₹1,440 – 1,460

Target 1: ₹1,400

Target 2: ₹1,365

Stop Loss: ₹1,485 (Closing basis)

✅ Best setup as per trend & structure

🟢 BUY (Only for short-term bounce – Risky) Buy only if ₹1,450 breaks & sustains

Target: ₹1,480 – ₹1,500

Stop Loss: ₹1,395 ⚠️ Counter-trend trade – not positional

🧠 FINAL VIEW – WHICH SIDE MAKES PROFIT? ✔️ SELL SIDE has higher probability ✔️ Trend + Structure + EMA = Bearish Bias ✔️ RSI supports short-term bounce but not trend reversal

Shakti Pumps (India) Ltd (SHAKTIPUMP OVERVIEW

 

Shakti Pumps (India) Ltd (SHAKTIPUMP) trades at around ₹721, aligning closely with the user's CMP of ₹724 amid recent volatility from ₹709-₹737. Strong order wins like ₹654 Cr Karnataka solar pumps bolster sentiment, though high debtors pose risks. Technicals show consolidation with upside potential on solar push, supported by robust fundamentals.

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Technical View

Pivot analysis indicates a central pivot at ₹968, but recent price action below suggests short-term weakness trading under key MAs. Bearish momentum persists with 3-month return -10.59%, focusing on rebound from supports. RSI and volume point to possible bounce if holds recent lows.

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Support & Resistance

Derived from latest pivot and historical data:

Level Type Support (₹) Resistance (₹)

Immediate 867-906 992-1030

Major 705-721 1055+

52-Week 548-549 1216-1398

Targets & Stop Loss

For CMP ₹724, short-term targets at ₹800-₹850 on order momentum, with stop loss below ₹705-₹710 to protect against breakdowns. Intraday longs target ₹750 with SL ₹710; adjust based on volume spikes from new orders.

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Fundamental View

Market cap ₹8,893 Cr, P/E 22.1 (reasonable vs peers), ROCE 55.3%, ROE 42.6%, but debtor days high at 152. Q2 FY26 revenue ₹672 Cr (+7.6% QoQ), PAT ₹91 Cr (-6.3% QoQ); 5-year profit CAGR 99%. Promoter holding dipped -5.61% over 3 years; strong solar orders offset.

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Term Outlooks

Short-term (1-3 months): Bullish on ₹1,900 Cr orders, target ₹800+ if crude/solar policies aid; SL ₹700.

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Medium-term (3-12 months): Positive growth from PM-KUSUM, sales CAGR 46% past 5 years; watch execution.

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Long-term: Attractive for holds with 10-year sales growth 24%, ROE track 21%; solar focus key. SHREEJIFINANCE&INVESTMENT HATHIJAN CIRCAL AHMEDABAD  IMAGE CREATE  

NIFTY INDEX FUTURES OVERVIEW WITH THE NEXT WEEK

 NIFTY INDEX FUTURES (1-min, NSE) chart you shared, here is a clear, actionable technical explanation covering trend, target, stop-loss, support–resistance, and short / medium / long-term outlook, including next-day purpose levels.

1️⃣ Current Market Structure Trend: Clearly BEARISH

Price is below falling trendline

Price is below EMA (9)

Lower high – lower low pattern intact

RSI ~35–40 → weak momentum, sellers in control

📌 Inference: ➡️ SELL / SHORT side remains favorable ➡️ Any rise is selling opportunity, not buying

2️⃣ Immediate Trade Setup (Intraday / Short Term) 🔻 SELL ON RISE (Preferred) Sell Zone:

25,800 – 25,840 (trendline + minor resistance)

Targets:

🎯 Target 1: 25,700

🎯 Target 2: 25,650

🎯 Target 3: 25,500 (only if breakdown continues)

Stop Loss:

🛑 25,900 (closing basis)

📌 Risk–reward supports short positions below 25,900

3️⃣ Support & Resistance Levels 🟢 Support Levels Level Importance 25,700 Intraday demand 25,650 Swing support 25,500 Strong short-term base 25,350 Panic / extreme support

🔴 Resistance Levels Level Importance 25,800 – 25,840 Trendline resistance 25,970 Previous breakdown 26,025 – 26,080 Major supply 26,300 Medium-term trend changer

4️⃣ RSI Insight RSI below 40 → bearish continuation

No bullish divergence yet

Buy signals only if:

RSI > 45–50

Price breaks above trendline

5️⃣ Timeframe-Wise Outlook 🔹 Short Term (1–15 Days) Bias: Bearish

Strategy: Sell on rise

Expectation: Test 25,500

Breakdown below 25,650 accelerates fall

🔹 Medium Term (1–4 Weeks) Bias: Mild Bearish → Range-bound

Below 26,300 → weakness persists

Range expected: 25,500 – 26,300

🔹 Long Term (1–3 Months) Bias: Neutral to Positive

Bullish only if:

Sustains above 26,500

Daily higher-high formation

Otherwise consolidation likely

6️⃣ Next Trading Day (Purpose Levels) 📉 If Market Opens Below 25,780 Expect continuation toward 25,650 → 25,500

📈 If Gap-Up Toward 25,840–25,900 SELL ON RISE

Do not chase buy

🔁 Trend Change Only If: Sustains above 26,080–26,150

RSI > 50

🔑 Final Verdict ✅ Profitable Side: SELL / SHORT ❌ Avoid Buy until trendline breakout 📌 Market is distribution → not accumulation

NIFTY FUTURE OVERVIEW

NIFTY INDEX FUTURES (1-min, NSE) chart, here is a clear, practical technical explanation covering trend, buy/sell side, targets, stop-loss, and short / medium / long-term view with support–resistance.

1️⃣ Current Trend Analysis (As per Chart) Trend: Bearish / Downtrend

Price is below falling trendline

Price is below EMA (9)

Lower highs & lower lows structure visible

RSI ~37 → weak momentum, no bullish divergence

📌 Conclusion: ➡️ SELL / SHORT side is profitable in current structure ➡️ Avoid fresh BUY until trend reversal or strong support bounce

2️⃣ Intraday / Short-Term Trade View (1–15 days) 🔻 SELL ON RISE (Preferred Strategy) Sell Zone:

25,980 – 26,020 (near falling trendline & EMA)

Targets:

🎯 Target 1: 25,900

🎯 Target 2: 25,850

🎯 Target 3: 25,780 (if breakdown continues)

Stop Loss:

🛑 26,080 (closing basis)

📌 Risk–Reward: Favorable for shorts as long as price stays below 26,080

3️⃣ Support & Resistance Levels 🔴 Resistance Zones Level Reason 26,030 – 26,080 Trendline + EMA + Supply zone 26,150 Previous breakdown level 26,300 Major swing resistance

🟢 Support Zones Level Reason 25,900 Intraday support 25,850 Previous low 25,700 – 25,650 Strong demand zone 25,500 Medium-term support

4️⃣ RSI Interpretation RSI below 40 → bearish momentum

RSI not showing divergence → trend continuation likely

Buy only if RSI crosses 45–50 with price above EMA

5️⃣ Timeframe-Wise Technical View 🔹 Short Term (1–15 Days) Bias: Bearish

Strategy: Sell on rise

View: Expect further downside toward 25,700

🔹 Medium Term (1–4 Weeks) Bias: Mild Bearish to Range-bound

If NIFTY stays below 26,300, downside risk remains

Breakdown below 25,700 → opens 25,500

🔹 Long Term (1–3 Months) Trend: Neutral to Positive

Long-term bullish only if:

Sustains above 26,500

Forms higher high on daily chart

Otherwise, expect consolidation between 25,500 – 26,500

6️⃣ Final Trading Verdict ✅ Best Side Right Now: SELL / SHORT ❌ BUY only if:

Price breaks & sustains above 26,080–26,150

RSI > 50

Trendline breakout confirmed

ICICI Bank OVERVIEW

 

January 8, 2026, ICICI Bank (ICICIBANK) is showing a Bullish to Neutral stance. After a recent period of consolidation, the stock has shown strength, trading near the upper end of its 52-week range (₹1,187 – ₹1,494).

Below is the technical breakdown and strategy for various time horizons based on the current market price (CMP) of ₹1,434.

Technical Snapshot

Parameter Value / Level Trend Short-term: Bullish RSI (14) 43.2 - 55.0 (Improving from oversold towards neutral) Moving Averages Above 5-day and 20-day SMAs; testing 50-day SMA resistance. Immediate Support ₹1,410 Immediate Resistance ₹1,442

શીટમાં નિકાસ કરો

Trading & Investment View

1. Short Term (1–15 Days) The stock is currently gathering momentum. It recently bounced off the ₹1,350-₹1,360 support zone.

Side: BUY on dips or above ₹1,442.

Targets: ₹1,470 | ₹1,495

Stop Loss: ₹1,405 (Closing basis)

2. Medium Term (1–6 Months) ICICI Bank is preparing for a breakout toward its all-time highs. Quarterly results (scheduled for Jan 17, 2026) will be the primary catalyst.

Side: BUY/HOLD

Targets: ₹1,525 | ₹1,580

Stop Loss: ₹1,340

3. Long Term (1 Year+) Fundamentals remain robust with high ROE (~16-17%) and low NPAs. Analysts maintain a "Strong Buy" consensus with significant upside potential.

Side: ACCUMULATE

Targets: ₹1,735 | ₹1,850

Stop Loss: ₹1,250

Support and Resistance Matrix

Traders should use these "Pivot" levels for intraday and swing entries:

Level Type Support (S) Resistance (R) Level 1 ₹1,410 (Pivot) ₹1,442 (Breakout Point) Level 2 ₹1,395 (Strong Support) ₹1,470 (Minor Barrier) Level 3 ₹1,360 (Major Base) ₹1,500 (Psychological Level)

શીટમાં નિકાસ કરો

Strategy Summary

For Buyers: Look to enter at CMP or on a minor dip toward ₹1,415. Avoid chasing the stock if it gaps up significantly above ₹1,450 without a retest.

For Sellers: If the stock fails to cross ₹1,445 and breaks below ₹1,400, a short-term sell-off toward ₹1,360 could occur.

Note: The upcoming Quarterly Results on January 17, 2026, are critical. High volatility is expected around this date.

BASF OVERVIEW

 

BASF India stock trades around ₹3,820 as of early January 8, 2026, near the user's CMP of ₹3,815, amid a strong multi-month uptrend from ₹3,000 lows but recent pullback signals. Technicals show bearish bias with all moving averages and indicators signaling sell, favoring sell for profits on downside momentum. Overall trend remains upward long-term, but short-term correction likely due to overextension.

​Technical View

Price corrected from ₹5,364 peak on January 8 (possibly intraday high) to ₹5,193 close, now stabilizing near ₹3,800–₹3,900 in lower rising trend part. RSI(14) at 38.9 (sell), STOCH oversold at 22.7, MACD -3.95 bearish, ADX 28 confirming downtrend strength. High volatility (ATR 43) supports range trading.

​Support & Resistance

Level Support (₹) Resistance (₹)

Immediate 3,800–3,820 

​ 3,915–3,985 

​Major 3,758–3,875 

​ 4,447–4,481 

​Strong 3,600–3,700 

​ 4,919–4,996 

​Trading Strategy

Sell rallies below ₹3,985 for downside profits, as signals point to correction toward supports.

​Targets: ₹3,750 (short), ₹3,600 (medium), ₹3,400 (long correction)

​Stop Loss: ₹3,990 (above recent highs)

​Timeframe Views

Short-term (1–5 days): Sell bias; target ₹3,750 if breaks ₹3,820, oversold bounce possible.

​Medium-term (1–4 weeks): Negative near MAs; aim ₹3,600 in ongoing pullback.

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Long-term (3–12 months): Buy opportunity post-correction; target ₹5,425 on analyst avg.         SHREEJI FINANCE & INVESTMENT HATHIJAN CIRCAL AHMEDABAD                 PHONE  :-07949258292  

Hindalco Industries BUY

 Hindalco Industries closed at ₹942.25 on January 7, 2026, higher than the user's CMP of ₹919.50, reflecting recent volatility in metals amid global commodity swings. Technical indicators show overbought conditions with strong uptrend intact above key supports, favoring buy for profits on pullbacks. Bullish momentum persists driven by aluminum price recovery and sector tailwinds.

​Technical View

Stock surged 72% from 52-week low of ₹546.45 to high ₹970.80, now consolidating near ₹950 with RSI(14) at 81.23 (overbought), CCI 212, and MFI 91 indicating strong buying but potential cooldown. Classic pivot at ₹949.68 supports range-bound action; volume up 20% average signals accumulation.

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Support & Resistance

Level Support (₹) Resistance (₹)

Immediate 935–937 

​ 950–954 

​Major 914–928 

​ 963–984 

​Strong 893–915 

​ 998+ 

​Trading Strategy

Buy on dips to ₹910–₹920 aligning with CMP, as uptrend favors longs over sells amid positive metal cues.

​Targets: ₹960 (short), ₹1000 (medium), ₹1100+ (long)

​Stop Loss: ₹900 (protects below recent lows)

Timeframe Views

Short-term (1–5 days): Range-bound with upside bias if holds ₹935; target ₹960 amid overbought pullback.

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Medium-term (1–4 weeks): Accumulate ₹910–₹920 for ₹1000; trendline breakout confirmed.

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Long-term (3–12 months): Strongly bullish on fundamentals; hold for higher highs post-consolidation.

​SHREEJI FINANCE & INVESTMENT AHMEDABAD PHONE :- 07949258292