Blog posts of '2025' 'January'

Stock name: Abbott India Ltd.

Pattern: Support breakdown

Time frame: Daily

Observation:

Since January 2024, the stock has been moving within a parallel channel on its daily chart. In January 2025, it reached the channel’s support and, after multiple attempts, broke down on January 24. This was followed by consecutive red candles, with the January 28 candle showing significant volume support. If the current momentum continues, the stock may see further decline as per technical analysis. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Sterling and Wilson Renewable Energy Ltd.

Pattern: Head and shoulders pattern

Time frame: Daily

Observation:

Since October 2023, the stock has been in an uptrend but formed a head and shoulders pattern on the daily chart. A breakdown occurred around November 12, 2024, followed by a brief sideways movement. On January 17, 2025, the stock saw a sharp decline with increased trading volume. If the current momentum persists, it may further decline as per technical analysis. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Can Fin Homes Ltd.

Pattern: Double top pattern

Time frame: Daily

Observation:

Since June 2022, the stock has maintained an overall upward trend. However, between June and December 2024, it formed a double-top pattern on the daily chart and broke down from the pattern around December 20, 2024. While no significant downward candles with high volumes have been observed, the stock has been trending lower post-breakdown. According to technical analysis, if the current momentum continues, further downside may follow. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Jio Financial Services Ltd.

Pattern: Triple top pattern and retest

Time frame: Daily

Observation:

After its demerger and listing, the stock rallied upward until April 2024, followed by a downward trend. Between March 2024 and January 2025, it formed a triple-top pattern on the daily chart, breaking down from the pattern around January 10, 2025. After a brief retest, the stock resumed its decline on January 17, 2025, and recently it has seen an increased trading volume. Based on technical analysis, the stock may decline further. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Trent Ltd.

Pattern: Double top pattern

Time frame: Weekly

Observation:

The stock has been in an overall uptrend but formed a double top pattern on its weekly chart between August 2024 and January 2025. In mid-January 2025, it broke down from the pattern and continued to decline in the next weekly candle. Based on technical analysis, the stock may witness further downside movement. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Shriram Finance Ltd.

Pattern: Head and shoulders pattern

Time frame: Weekly

Observation:

The stock has been in an uptrend since May 2022 but formed a head and shoulders pattern on its weekly chart between June 2024 and January 2025. In early January 2025, it experienced significant downward movement, breaking down from the pattern and continuing to decline. According to technical analysis, if the stock gains stronger momentum, it may move further downside. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Power Finance Corporation Ltd.

Pattern: Support breakdown

Time frame: Daily

Observation:

The stock's overall trend has been upward, but recently it entered a consolidation phase, forming a triangle pattern. On 30 December 2024, the stock broke below the support line of this pattern with high trading volumes. Although it briefly retested and closed above the support, it failed to sustain the level. From 06 January 2025 onwards, the stock resumed its downward movement. According to technical analysis, if the downward momentum persists, the stock may decline further. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Siemens Ltd.

Pattern: Triple top pattern and retest

Time frame: Daily

Observation:

The stock witnessed an upward trend starting November 2023 but formed a triple top pattern on the daily chart between June and December 2024. A breakdown from this pattern occurred on 30 December 2024 with high trading volumes, followed by an immediate retest of the breakdown level. Since 03 January 2025, the stock has resumed its downward movement. According to technical analysis, if the stock sustains this momentum, it may experience further declines. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: TVS Motor Company Ltd.

Pattern: Head and shoulders pattern and retest

Time frame: Daily

Observation:

The stock has been in an overall uptrend but recently formed a head and shoulders pattern on the daily chart from June to December 2024. It broke down from the pattern on December 30, 2024, with high volumes but quickly retested and closed above the breakdown level. However, the stock resumed its downward movement on January 3, 2025. According to technical analysis, if the current momentum continues, the stock may see further fall. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Zomato Ltd.

Pattern: Double top pattern and retest

Time frame: Daily

Observation:

The stock has been in an uptrend since July 2022, reaching an all-time high in December 2024. However, it formed a double top pattern on the daily chart between September 2024 and January 2025, breaking down from the pattern on January 13, 2025, with low volume, followed by an immediate retest. On January 20 and 21, the stock experienced significant downward movement with high volumes. If the current momentum persists, further decline may be expected based on technical analysis. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: HFCL Ltd.

Pattern: Head and shoulders pattern and retest

Time frame: Daily

Observation:

The stock has been in an upward trend since October 2023 but formed a head and shoulders pattern on the daily chart between June 2024 and January 2025. A breakdown occurred on January 6, 2025, accompanied by average volume, followed by a downward move. While the stock slightly retested the breakdown level, it quickly formed a red candle with high volumes and resumed its decline. Based on technical analysis, the stock may continue to fall further. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Multi Commodity Exchange of India Ltd.

Pattern: Double top pattern and retest

Time frame: Daily

Observation:

The stock experienced an upward trend starting in June 2024 but formed a double top pattern on the daily chart between October 2024 and January 2025. A breakdown occurred around January 10, 2025, but it lacked volume and was quickly retested, closing above the breakdown line. On January 21, 2025, the stock saw a sharp decline with high trading volumes. If this momentum persists, it may see further decline as per technical analysis. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Bajaj Finserv Ltd.

Pattern: Double bottom pattern and retest

Time frame: Daily

Observation:

The stock reached its all-time high (ATH) in late September 2024 before cooling down and moving downward. Between November 2024 and January 2025, it formed a double bottom pattern on the daily chart. On January 2, 2025, the stock broke out of the pattern with a significant upward movement and large volumes. After consolidating around this level, it posted a strong upward candle on January 20, 2025. If the stock sustains its momentum, technical analysis indicates that the stock may rise further. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Saregama India Ltd.

Pattern: Double bottom pattern and retest

Time frame: Daily

Observation:

After reaching its all-time high (ATH) in October 2024, the stock has cooled down before stabilizing. Between November 2024 and January 2025, it formed a double bottom pattern on the daily chart and broke out of the pattern on January 3, 2025, with significant trading volumes. A subsequent retest briefly pushed the stock below the breakout line, but it rebounded above it on January 20, 2025. If the stock maintains momentum, technical analysis suggests that the stock may see further upward movement. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Network18 Media & Investments Ltd.

Pattern: Support and breakdown

Time frame: Weekly

Observation:

After hitting a high in January 2024, the stock cooled down and moved in the downward direction. It has observed support on the weekly chart by May 2024. It traded sideways for months, repeatedly testing this support line until December 2024. Mid-December, the stock broke below the support, resuming its downward trend. Based on technical analysis, continued momentum may lead to further declines. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Mahindra Lifespace Developers Ltd.

Pattern: Head and shoulders pattern and retest

Time frame: Weekly

Observation:

The stock experienced a strong upward movement starting in March 2023. However, between December 2023 and October 2024, it formed a head and shoulders pattern on the weekly chart. A breakdown occurred in October 2024 but with low volumes. The stock has observed retest of the breakdown level. Since December 2024, the stock has resumed its downward movement, and technical analysis suggests further declines may occur if momentum builds. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Reliance Industries Ltd (RIL) showcased a strong performance in its Q3 results, driven by robust contributions from the retail and Oil-to-Chemicals (O2C) segments. The company gained 2.6% on the bourses, defying broader market weakness, reflecting investor confidence in its diverse growth strategies.

Key Takeaways from Q3 Performance

Retail Segment

The retail business benefited from a festive demand surge, contributing to 7% revenue growth at ₹79,595 crore. Operating margins before depreciation and amortization (EBITDA) improved by 20 basis points year-on-year to 8.3%.

• Store Expansion: RIL added 156 stores, taking the total count to 19,102, although the net store area declined by 2 million square feet, indicating a shift towards profitable growth.
• Online vs Offline: Digital commerce’s share rose to 18% (from 17% sequentially), but the offline segment outpaced with a 10% year-on-year growth, led by strong demand in grocery, electronics, fashion, and lifestyle.
• Future Outlook: Retail growth is expected to normalize in the next quarter as the festive demand fades.

Digital and Telecom Segment

RIL's telecom arm, Jio, continues to be a growth driver, though Average Revenue Per User (ARPU) growth was slightly below expectations.

• Subscriber Growth: Jio added 3.3 million subscribers, with 2 million coming from the home broadband category, reflecting increased penetration.

• ARPU Expansion: ARPU grew 4.2% sequentially, below the estimated 5-5.5%, highlighting limited benefits from recent tariff hikes.