Dinesh_C_Nagpal

Dinesh_C_Nagpal Updated 

The volatility index tends to rise usually contra to Nifty. Currently at 21 has caused large red candles in hourly time frame today, further upside could be more lethal. A daily close above 22.50 will move it towards 24 and above that towards 30. A rising VIX suggests intra day moves get vertical with gap openings. Getting caught on the wrong side can cause...

Dinesh_C_Nagpal Updated 

It has reversed from Bullish Bat in hourly time frame. It could do a retracement till 570. View negates below 540

Dinesh_C_Nagpal Updated 

After reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485. Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time...

Dinesh_C_Nagpal Updated 

Only weekly time frame its attempting a break above Kumo resistance at 915. If it manages do break and sustain above it on weekly closing basis then it could continue its rally towards 1050/1200. View negates on hourly close below 894

Dinesh_C_Nagpal Updated 

It is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.

Dinesh_C_Nagpal Updated 

After completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.

Dinesh_C_Nagpal Updated 

A daily close above INR 67000 (US$ 25.75) would confirm a breakout. A monthly close above $27.25 (approx INR 73000) opens the passage for $33 (INR 86000)

Dinesh_C_Nagpal Updated 

At crucial mid-point of a rising channel, sustaining below this would lead to retest of 12750 approx.

Dinesh_C_Nagpal

After giving a breakout it appears to have completed its pullback. It could resume its uptrend from here for 1125 / 1150 as long as it remains above 1030

Dinesh_C_Nagpal

In daily time frame it has made an Evening Star Doji with a negative RSI divergence. It faces resistance at 215 and support now comes in at 195-190. View negates above 222. Evening Star Doji is formed in an UPTREND, 1st candle is bullish one , 2nd candles is a DOJI candle above the body of the previous candle and 3rd candle is a bearish one below the DOJI...

Dinesh_C_Nagpal

It has given a breakout in daily time frame suggesting further uptrend till 4400 with resistance on its path at 3830. View negates on hourly close below 3700

Dinesh_C_Nagpal

USD INR has been respecting Harmonic Trading Patterns at every stage. Will it oblige this time too? If yes then if 73.25 holds 74.50 (falling trend line) could be retested.

Dinesh_C_Nagpal

In weekly time frame after making a Bullish Hidden Divergence near an Ichimoku Kumo it has now activated a Bullish C Clamp. It has strong support near 3600 with minor resistance at 3900. Probable upside for 4600 and then 5100. View negates below 3500

Dinesh_C_Nagpal Updated 

It has given a Cup & Handle breakout which suggests an upside level of 545. The view would get negated below 503

Dinesh_C_Nagpal Updated 

The daily time frame is giving a breakout signal today, the weekly time frame will confirm it above 1550 (closing basis ). In that case the most laggard among all sectors will turn out to be a top out performer for moves towards 1900 and then 2300 . Short term support at 1450/1375 . Watch out for this sector is coming out of a v long bear phase screaming Apna...

Dinesh_C_Nagpal Updated 

It appears to have completed its pullback post recent breakout. It could now rally till 440 & 475. View would negate below 404

Dinesh_C_Nagpal

The weekly bullish Harmonic reversal appears to have completed its pullback from the 38% level, It is on the verge of a breakout in daily time frame above 13400 which indicates the possibility of 15000 (50% retracement) with a minor resistance at 13800. View negates below 12900

Dinesh_C_Nagpal Updated 

After giving a breakout in daily time frame it appears to have completed its pullback near the hourly/daily kumo support. As long as its above 820 it could attempt a rally towards 870 and above that an ATH for 925