SBI: From Reversal to Target – A Technical Breakdown

https://ganninsides.com/2025/01/30/sbi-the-next-few-days-could-be-crucial/

“We placed SBI on our trade list on January 30, 2025, and it has remained a key focus since then.”

“I identified January 31st and February 1st as significant potential reversal dates. Furthermore, an upside resistance zone was projected between 780 and 800 in cash. Fortunately, the stock respected both the price and time reversal points, registering a reversal as anticipated. This reversal has driven the price towards our initial target of 724, and it is now approaching our second target of 681 in cash. Notably, 681 represents a crucial support level. On the time front, a strong cycle date is due on March 2nd. Should the stock sustain a level below 681, the decline could extend further towards 644 in cash. Proceed with caution.”

Subscriber Analysis: Wipro Target Achieved, What’s Next?

https://ganninsides.com/2025/02/10/wipro-key-dates-and-potential-pullback/

“In a blog post shared with my subscribers on February 10th, I discussed Wipro and identified a target zone of 291 on the cash chart, which has now been reached. The stock is presently testing a critical support level at 287. A daily close below this level may trigger a subsequent decline, with initial targets at 281 and 275. A sustained breach could lead to a broader correction, potentially extending towards the 255 mark.”

ICICIBANK: Time Cycle & Price Point to Lower Targets

ICICIBANK has been trading within a narrow range since late January, suggesting a period of consolidation.  I anticipate a downside resolution to this consolidation phase, primarily due to the stock’s proximity to a significant time cycle date of February 14th.  From a price perspective, the 1232 level represents a key support.  A break below this support could pave the way for further declines towards 1201 and subsequently 1161.  A sustained move below the low established on February 14th would likely accelerate the downward trend.

Wipro: Key Dates and Potential Pullback

Wipro’s stock faces a critical juncture with key turn dates occurring today and tomorrow.  A sustained move below the lowest low reached during these two days could initiate a significant pullback, targeting the 297 to 291 support zone.  Looking at the bigger picture, as long as Wipro remains capped below its January 23rd high of 324.60, the likelihood of revisiting its January low around 281 remains high, potentially unfolding sometime in March.